Thornburg Investment Management Inc. Reduces Stock Holdings in Capital One Financial Corporation $COF

Thornburg Investment Management Inc. reduced its stake in shares of Capital One Financial Corporation (NYSE:COF) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 182,992 shares of the financial services provider’s stock after selling 6,298 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Capital One Financial were worth $38,900,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Capital One Financial by 0.3% during the third quarter. Vanguard Group Inc. now owns 56,537,167 shares of the financial services provider’s stock valued at $12,018,671,000 after buying an additional 156,254 shares during the period. State Street Corp grew its holdings in shares of 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. Geode Capital Management LLC raised its position in shares of 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 worth $2,970,628,000 after acquiring an additional 5,474,328 shares in the last quarter. Norges Bank purchased a new position in shares of Capital One Financial in the 2nd quarter valued at approximately $1,701,511,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Capital One Financial by 41.3% during the second quarter. Bank of New York Mellon Corp now owns 7,011,073 shares of the financial services provider’s stock valued at $1,491,676,000 after purchasing an additional 2,050,010 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.

Insider Activity at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $250.00, for a total value of $500,000.00. Following the sale, the general counsel owned 92,486 shares in the company, valued at approximately $23,121,500. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Celia Karam sold 2,936 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $218.15, for a total transaction of $640,488.40. Following the sale, the insider owned 63,433 shares of the company’s stock, valued at approximately $13,837,908.95. This represents a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 34,274 shares of company stock worth $8,131,054 in the last three months. 1.26% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on COF shares. TD Cowen reiterated a “buy” rating on shares of Capital One Financial in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Capital One Financial from $263.00 to $256.00 and set a “hold” rating for the company in a research note on Friday, January 23rd. Wolfe Research dropped their price objective on shares of Capital One Financial from $294.00 to $280.00 and set an “outperform” rating on the stock in a research note on Friday, January 23rd. Keefe, Bruyette & Woods raised their target price on shares of Capital One Financial from $260.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, January 2nd. Finally, Evercore dropped their price target on Capital One Financial from $290.00 to $265.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Capital One Financial has a consensus rating of “Moderate Buy” and an average price target of $274.70.

Capital One Financial Price Performance

Shares of NYSE COF opened at $205.77 on Thursday. The firm has a market cap of $127.98 billion, a P/E ratio of 69.52, a PEG ratio of 0.58 and a beta of 1.14. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $259.64. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. The company has a 50 day moving average of $229.02 and a 200 day moving average of $223.14.

Capital One Financial (NYSE:COF) last posted its quarterly 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 return on equity of 10.68% and a net margin of 3.54%.During the same period in the previous year, the firm posted $2.67 earnings per share. Capital One Financial’s revenue was up 53.3% compared to the same quarter last year. As a group, research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

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

Capital One Financial Company 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.