Palmer Knight Co Purchases New Shares in Capital One Financial Corporation $COF

Palmer Knight Co purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 39,604 shares of the financial services provider’s stock, valued at approximately $7,945,000. Capital One Financial accounts for about 3.1% of Palmer Knight Co’s portfolio, making the stock its 19th biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC boosted its holdings in Capital One Financial by 330.1% in the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after purchasing an additional 10,428 shares during the period. Intech Investment Management LLC increased its holdings in shares of Capital One Financial by 44.3% during the first quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock worth $1,608,000 after purchasing an additional 2,753 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of Capital One Financial by 118.3% during the second quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock worth $702,000 after purchasing an additional 1,788 shares during the period. Flow Traders U.S. LLC acquired a new stake in shares of Capital One Financial in the second quarter valued at approximately $218,000. Finally, Jump Financial LLC acquired a new stake in shares of Capital One Financial in the second quarter valued at approximately $1,086,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on COF. BTIG Research increased their price target on Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft dropped their price objective on Capital One Financial from $256.00 to $250.00 and set a “hold” rating for the company in a report on Wednesday, April 22nd. UBS Group upped their target price on Capital One Financial from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. TD Cowen reduced their target price on Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Finally, Wall Street Zen cut Capital One Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Twenty-one investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and an average price target of $259.36.

Capital One Financial Trading Down 0.1%

Shares of Capital One Financial stock opened at $221.23 on Wednesday. The firm’s 50 day moving average is $206.52 and its 200 day moving average is $198.10. The firm 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. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data 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 net margin of 13.37% and a return on equity of 11.28%. The business had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. During the same quarter in the prior year, the firm earned $5.48 EPS. The firm’s revenue was up 26.9% compared to the same quarter last year. Equities research analysts forecast that Capital One Financial Corporation will post 20.29 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.80 per share. The ex-dividend date is Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.4%. Capital One Financial’s dividend payout ratio is 19.80%.

Insider Buying and Selling

In other news, insider Ravi Raghu sold 9,726 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $209.78, for a total value of $2,040,320.28. Following the completion of the transaction, the insider directly owned 26,328 shares in the company, valued at approximately $5,523,087.84. This represents a 26.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $218.02, for a total value of $1,193,223.46. Following the sale, the insider directly owned 27,992 shares in the company, valued at approximately $6,102,815.84. This trade represents a 16.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 26,267 shares of company stock worth $5,617,648 in the last ninety days. Insiders own 0.78% of the company’s stock.

Capital One Financial Profile

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.