39,604 Shares in Capital One Financial Corporation $COF Acquired by Palmer Knight Co

Palmer Knight Co bought a new position in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, Holdings Channel reports. The fund bought 39,604 shares of the financial services provider’s stock, valued at approximately $7,945,000. Capital One Financial comprises about 3.1% of Palmer Knight Co’s investment portfolio, making the stock its 19th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. raised its stake in shares of Capital One Financial by 529.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 90 shares during the last quarter. VSM Wealth Advisory LLC bought a new stake in shares of Capital One Financial in the fourth quarter worth $27,000. Cherry Tree Wealth Management LLC grew its stake in shares of Capital One Financial by 1,312.5% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 105 shares during the last quarter. Osterweis Capital Management Inc. acquired a new stake in Capital One Financial in the fourth quarter valued at $29,000. Finally, CrossGen Wealth LLC acquired a new stake in Capital One Financial in the fourth quarter valued at $30,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Price Performance

COF stock opened at $221.23 on Wednesday. The stock has a market capitalization of $135.72 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 0.84 and a beta of 1.02. The company’s 50-day moving average is $206.52 and its 200-day moving average is $198.10. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. During the same period last year, the business posted $5.48 EPS. The firm’s revenue for the quarter was up 26.9% compared to the same quarter last year. Equities research analysts expect that Capital One Financial Corporation will post 20.29 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is 19.80%.

Insider Transactions at Capital One Financial

In other news, insider Celia Karam sold 1,888 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $425,781.76. Following the transaction, the insider directly owned 59,708 shares of the company’s stock, valued at $13,465,348.16. This represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 2,193 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $225.52, for a total value of $494,565.36. Following the completion of the transaction, the insider owned 63,261 shares in the company, valued at approximately $14,266,620.72. This represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 26,267 shares of company stock valued at $5,617,648. Company insiders own 0.78% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on COF shares. Barclays cut their target price on Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Argus decreased their price target on Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Weiss Ratings upgraded Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. HSBC raised Capital One Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $226.00 to $229.00 in a research note on Sunday, July 12th. Finally, Rothschild & Co Redburn reduced their target price on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Twenty-one equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.36.

About Capital One Financial

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.