Thornburg Investment Management Inc. Sells 6,298 Shares of Capital One Financial Corporation $COF

Thornburg Investment Management Inc. decreased its stake in shares of Capital One Financial Corporation (NYSE:COF) by 3.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 182,992 shares of the financial services provider’s stock after selling 6,298 shares during the period. Thornburg Investment Management Inc.’s holdings in Capital One Financial were worth $38,900,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Capital One Financial by 74.8% in the second quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock worth $11,995,603,000 after buying an additional 24,129,990 shares in the last quarter. State Street Corp increased its holdings in Capital One Financial by 63.4% during the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock worth $5,910,500,000 after acquiring an additional 10,776,843 shares during the period. Norges Bank purchased a new stake in Capital One Financial in the 2nd quarter worth approximately $1,701,511,000. Geode Capital Management LLC boosted its holdings in Capital One Financial by 64.1% in the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock valued at $2,970,628,000 after purchasing an additional 5,474,328 shares during the period. Finally, Boston Partners purchased a new position in shares of Capital One Financial during the 2nd quarter valued at $534,777,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Up 4.7%

Shares of NYSE:COF opened at $205.77 on Thursday. The stock has a market capitalization of $127.98 billion, a P/E ratio of 69.52, a price-to-earnings-growth ratio of 0.58 and a beta of 1.14. The stock’s 50-day moving average price is $229.02 and its 200-day moving average price is $223.14. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $259.64.

Capital One Financial (NYSE:COF) last issued its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The company’s quarterly revenue was up 53.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.67 EPS. On average, equities analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th will be issued a $0.80 dividend. The ex-dividend date is Thursday, February 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. Capital One Financial’s dividend payout ratio (DPR) is currently 108.11%.

Insider Activity

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $250.00, for a total value of $500,000.00. Following the transaction, the general counsel owned 92,486 shares in the company, valued at approximately $23,121,500. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lia Dean sold 3,284 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total transaction of $734,565.12. Following the sale, the insider owned 70,162 shares of the company’s stock, valued at approximately $15,693,836.16. This represents a 4.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 34,274 shares of company stock valued at $8,131,054 in the last three months. Corporate insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods lifted their price objective on Capital One Financial from $260.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, January 2nd. Truist Financial lowered their price target on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Monday, January 26th. TD Cowen reissued a “buy” rating on shares of Capital One Financial in a report on Thursday, January 8th. Wall Street Zen cut shares of Capital One Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Evercore lowered their target price on shares of Capital One Financial from $290.00 to $265.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus target price of $274.70.

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.