Capital One Financial Co. (NYSE:COF) is Palmer Knight Co’s 8th Largest Position

Palmer Knight Co reduced its stake in Capital One Financial Co. (NYSE:COF) by 16.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 49,272 shares of the financial services provider’s stock after selling 9,786 shares during the quarter. Capital One Financial comprises about 3.9% of Palmer Knight Co’s portfolio, making the stock its 8th largest holding. Palmer Knight Co’s holdings in Capital One Financial were worth $8,786,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Swedbank AB raised its position in Capital One Financial by 0.8% during the 4th quarter. Swedbank AB now owns 68,791 shares of the financial services provider’s stock worth $12,267,000 after buying an additional 547 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Capital One Financial by 15.9% during the 4th quarter. Hantz Financial Services Inc. now owns 37,827 shares of the financial services provider’s stock worth $6,745,000 after purchasing an additional 5,192 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of Capital One Financial by 20.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 787,643 shares of the financial services provider’s stock worth $140,452,000 after purchasing an additional 131,774 shares during the period. SteelPeak Wealth LLC grew its stake in shares of Capital One Financial by 18.8% during the 4th quarter. SteelPeak Wealth LLC now owns 6,098 shares of the financial services provider’s stock worth $1,087,000 after purchasing an additional 964 shares during the period. Finally, Stonegate Investment Group LLC grew its stake in shares of Capital One Financial by 6.8% during the 4th quarter. Stonegate Investment Group LLC now owns 3,874 shares of the financial services provider’s stock worth $691,000 after purchasing an additional 248 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Argus raised shares of Capital One Financial to a “strong-buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective on shares of Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods raised their price objective on shares of Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Truist Financial lifted their price target on shares of Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a research note on Monday. Finally, The Goldman Sachs Group lifted their price target on shares of Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $196.31.

Capital One Financial Trading Up 0.5 %

Shares of COF opened at $204.19 on Thursday. Capital One Financial Co. has a 52-week low of $128.23 and a 52-week high of $207.24. The company has a quick ratio of 1.00, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm’s fifty day moving average is $185.91 and its two-hundred day moving average is $163.69. The stock has a market cap of $77.84 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 1.29 and a beta of 1.46.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, topping the consensus estimate of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the previous year, the firm earned $2.81 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. Research analysts forecast that Capital One Financial Co. will post 15.22 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were issued a $0.60 dividend. The ex-dividend date was Thursday, November 14th. This represents a $2.40 annualized dividend and a yield of 1.18%. Capital One Financial’s dividend payout ratio (DPR) is currently 20.71%.

Insider Activity at Capital One Financial

In related news, insider Kara West sold 721 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $184.73, for a total value of $133,190.33. Following the sale, the insider now directly owns 12,929 shares in the company, valued at approximately $2,388,374.17. The trade was a 5.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark Daniel Mouadeb sold 1,994 shares of Capital One Financial stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total value of $323,765.78. Following the completion of the transaction, the insider now directly owns 19,776 shares of the company’s stock, valued at approximately $3,211,029.12. This represents a 9.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,256 shares of company stock worth $2,462,487. Company insiders own 1.30% of the company’s stock.

Capital One Financial 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.