Palmer Knight Co Trims Stock Position in Capital One Financial Co. (NYSE:COF)

Palmer Knight Co lessened its stake in Capital One Financial Co. (NYSE:COF) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,174 shares of the financial services provider’s stock after selling 118 shares during the period. Capital One Financial comprises about 4.0% of Palmer Knight Co’s holdings, making the stock its 8th largest holding. Palmer Knight Co’s holdings in Capital One Financial were worth $6,579,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Quent Capital LLC increased its stake in shares of Capital One Financial by 4.9% during the fourth quarter. Quent Capital LLC now owns 1,819 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 85 shares in the last quarter. Greylin Investment Management Inc lifted its position in shares of Capital One Financial by 1.7% in the fourth quarter. Greylin Investment Management Inc now owns 6,070 shares of the financial services provider’s stock valued at $796,000 after acquiring an additional 100 shares in the last quarter. 626 Financial LLC grew its stake in Capital One Financial by 4.2% during the fourth quarter. 626 Financial LLC now owns 2,591 shares of the financial services provider’s stock valued at $340,000 after acquiring an additional 105 shares in the last quarter. MV Capital Management Inc. lifted its stake in shares of Capital One Financial by 43.9% in the fourth quarter. MV Capital Management Inc. now owns 344 shares of the financial services provider’s stock worth $45,000 after buying an additional 105 shares in the last quarter. Finally, HB Wealth Management LLC increased its stake in shares of Capital One Financial by 0.8% in the 4th quarter. HB Wealth Management LLC now owns 13,485 shares of the financial services provider’s stock worth $1,768,000 after acquiring an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Shares of NYSE:COF traded down $0.94 during midday trading on Monday, reaching $145.27. 822,200 shares of the company traded hands, compared to its average volume of 2,706,754. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $55.26 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 1.05 and a beta of 1.48. Capital One Financial Co. has a 12 month low of $83.93 and a 12 month high of $149.94. The firm’s fifty day moving average price is $140.47 and its two-hundred day moving average price is $126.35.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.04). Capital One Financial had a return on equity of 9.74% and a net margin of 10.19%. The business had revenue of $9.40 billion during the quarter, compared to analysts’ expectations of $9.35 billion. During the same quarter last year, the business posted $2.31 EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. On average, equities analysts expect that Capital One Financial Co. will post 13.78 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 12th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Friday, February 9th. Capital One Financial’s dividend payout ratio is 18.79%.

Analysts Set New Price Targets

A number of research firms have issued reports on COF. JPMorgan Chase & Co. increased their target price on shares of Capital One Financial from $134.00 to $152.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Royal Bank of Canada raised their price objective on shares of Capital One Financial from $142.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 21st. Evercore ISI lifted their price objective on Capital One Financial from $142.00 to $155.00 and gave the company an “in-line” rating in a research report on Thursday, March 28th. Barclays upped their price objective on Capital One Financial from $114.00 to $154.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Wolfe Research upgraded shares of Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price target on the stock in a research note on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Capital One Financial presently has a consensus rating of “Hold” and a consensus price target of $138.50.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.