7,897 Capital One Financial Corporation $COF Shares Purchased by Armstrong Advisory Group Inc.

Key Points

• Armstrong Advisory Group increased its Capital One Financial stake by 235.3% in the third quarter, purchasing 7,897 additional shares and bringing its holdings to 11,253 shares valued at approximately $2.17 million. Institutional investors collectively own 89.84% of the company.
• Capital One reported quarterly earnings of $5.81 per share, exceeding estimates of $4.79, while revenue rose 26.9% year over year to $15.83 billion. The company also maintains a quarterly dividend of $0.80 per share, representing a 1.6% yield.
• COF shares opened at $199.14, below their 50-day moving average of $210.17. Analysts retain a “Moderate Buy” consensus rating, with an average price target of $256.09, although recent ratings included both upgrades and downgrades.

Armstrong Advisory Group Inc. lifted its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 235.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 11,253 shares of the financial services provider's stock after acquiring an additional 7,897 shares during the quarter. Armstrong Advisory Group Inc.'s holdings in Capital One Financial were worth $2,173,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Marquette Asset Management LLC lifted its position in Capital One Financial by 584.2% in the third quarter. Marquette Asset Management LLC now owns 691 shares of the financial services provider's stock valued at $133,000 after purchasing an additional 590 shares during the last quarter. Gilpin Wealth Management LLC purchased a new stake in Capital One Financial during the 3rd quarter valued at $27,000. GK Wealth Management LLC purchased a new stake in Capital One Financial during the 3rd quarter valued at $203,000. Riversedge Advisors LLC grew its holdings in Capital One Financial by 245.6% in the 3rd quarter. Riversedge Advisors LLC now owns 12,308 shares of the financial services provider's stock worth $2,376,000 after acquiring an additional 8,747 shares during the last quarter. Finally, Wedmont Private Capital increased its position in shares of Capital One Financial by 82.0% in the third quarter. Wedmont Private Capital now owns 20,496 shares of the financial services provider's stock valued at $3,957,000 after acquiring an additional 9,235 shares during the period. Institutional investors own 89.84% of the company's stock.

Capital One Financial Trading Down 0.1%

Shares of NYSE COF opened at $199.14 on Friday. The firm's 50 day moving average price is $210.17 and its 200-day moving average price is $199.65. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $122.17 billion, a PE ratio of 12.32, a P/E/G ratio of 0.73 and a beta of 1.04.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping analysts' consensus estimates of $4.79 by $1.02. The company had revenue of $15.83 billion during the quarter, compared to analyst estimates of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm's revenue for the quarter was up 26.9% on a year-over-year basis. During the same period in the previous year, the business earned $5.48 EPS. On average, equities research analysts expect that Capital One Financial Corporation will post 20.33 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a $0.80 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. Capital One Financial's dividend payout ratio (DPR) is presently 19.80%.

Insider Transactions at Capital One Financial

In other news, insider Ravi Raghu sold 9,726 shares of the company's stock in a transaction on Friday, July 31st. The stock was sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the transaction, the insider directly owned 26,328 shares of the company's stock, valued at $5,523,087.84. This represents a 26.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Timothy P. Golden sold 3,487 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total value of $735,757.00. Following the sale, the chief accounting officer directly owned 7,429 shares in the company, valued at $1,567,519. This trade represents a 31.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 33,850 shares of company stock valued at $7,167,152. Insiders own 0.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on COF. Weiss Ratings lowered shares of Capital One Financial from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday. TD Cowen lowered their price target on Capital One Financial from $253.00 to $242.00 and set a "buy" rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft set a $245.00 price target on Capital One Financial in a research report on Thursday, August 20th. HSBC upgraded Capital One Financial from a "hold" rating to a "buy" rating and increased their price objective for the stock from $226.00 to $229.00 in a report on Sunday, July 12th. Finally, BMO Capital Markets initiated coverage on Capital One Financial in a research note on Friday. They set a "market perform" rating and a $219.00 target price on the stock. Twenty investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $256.09.

Capital One Financial Company Profile

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.

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