Capital One Financial Corporation $COF Shares Sold by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. decreased its holdings in Capital One Financial Corporation (NYSE:COF) by 0.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 189,290 shares of the financial services provider’s stock after selling 650 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Capital One Financial were worth $40,273,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC boosted its position in Capital One Financial by 103.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after buying an additional 62 shares during the period. Olistico Wealth LLC increased its position in shares of Capital One Financial by 439.1% during the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 101 shares during the period. Atlantic Edge Private Wealth Management LLC raised its stake in shares of Capital One Financial by 66.7% in the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 50 shares in the last quarter. RMG Wealth Management LLC purchased a new position in Capital One Financial in the second quarter valued at $27,000. Finally, Solstein Capital LLC acquired a new position in Capital One Financial during the 2nd quarter worth $28,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

Shares of COF opened at $214.37 on Wednesday. The company has a market capitalization of $136.28 billion, a price-to-earnings ratio of 90.45, a price-to-earnings-growth ratio of 0.70 and a beta of 1.19. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. The stock has a 50 day moving average price of $216.16 and a 200 day moving average price of $212.11.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The company had revenue of $15.46 billion for the quarter. Research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, November 17th. Capital One Financial’s dividend payout ratio is presently 135.02%.

Insider Activity at Capital One Financial

In other news, CEO Richard D. Fairbank sold 103,487 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $220.68, for a total value of $22,837,511.16. Following the completion of the sale, the chief executive officer directly owned 4,001,228 shares of the company’s stock, valued at approximately $882,990,995.04. The trade was a 2.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Neal Blinde sold 43,200 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $221.83, for a total value of $9,583,056.00. Following the transaction, the insider owned 73,020 shares in the company, valued at $16,198,026.60. This represents a 37.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 274,013 shares of company stock worth $61,045,903. Insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on COF shares. Barclays increased their price target on Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Zacks Research lowered shares of Capital One Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday. BTIG Research reaffirmed a “buy” rating and issued a $264.00 target price on shares of Capital One Financial in a report on Wednesday, October 22nd. Citigroup boosted their price target on shares of Capital One Financial from $275.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $261.63.

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.