Armstrong Fleming & Moore Inc Purchases Shares of 17,549 Capital One Financial Co. (NYSE:COF)

Armstrong Fleming & Moore Inc purchased a new stake in Capital One Financial Co. (NYSE:COF) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 17,549 shares of the financial services provider's stock, valued at approximately $3,146,000. Capital One Financial comprises about 3.8% of Armstrong Fleming & Moore Inc's portfolio, making the stock its 5th largest position.

Several other institutional investors also recently bought and sold shares of COF. Norges Bank acquired a new position in Capital One Financial in the 4th quarter valued at $590,279,000. Lone Pine Capital LLC purchased a new stake in shares of Capital One Financial during the 4th quarter valued at $577,012,000. Egerton Capital UK LLP purchased a new stake in shares of Capital One Financial during the 4th quarter valued at $279,159,000. FMR LLC grew its stake in shares of Capital One Financial by 21.6% during the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock valued at $1,440,449,000 after buying an additional 1,436,935 shares during the period. Finally, Meritage Group LP purchased a new stake in shares of Capital One Financial during the 4th quarter valued at $227,662,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Baird R W raised shares of Capital One Financial from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. BTIG Research raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective for the company in a research note on Tuesday, March 25th. Wells Fargo & Company boosted their price objective on shares of Capital One Financial from $210.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. decreased their price target on shares of Capital One Financial from $198.00 to $170.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada set a $190.00 price target on shares of Capital One Financial and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Capital One Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $207.60.

Capital One Financial Stock Performance

NYSE:COF opened at $191.91 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a 50-day moving average of $180.35 and a two-hundred day moving average of $184.90. The stock has a market cap of $73.53 billion, a P/E ratio of 16.56, a PEG ratio of 1.19 and a beta of 1.13. Capital One Financial Co. has a 1-year low of $128.23 and a 1-year high of $210.67.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, beating analysts' consensus estimates of $3.75 by $0.31. The company had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.07 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. On average, research analysts expect that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were paid a $0.60 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.25%. Capital One Financial's dividend payout ratio (DPR) is presently 20.15%.

Insider Activity

In other news, insider Michael Zamsky sold 9,560 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the sale, the insider now owns 20,089 shares in the company, valued at approximately $4,005,746.60. This represents a 32.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ann F. Hackett sold 1,658 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the sale, the director now owns 56,244 shares in the company, valued at approximately $11,175,682.80. This trade represents a 2.86% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company's stock.

About Capital One Financial

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.

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