Thornburg Investment Management Inc. Sells 6,800 Shares of Capital One Financial Co. (NYSE:COF)

Thornburg Investment Management Inc. lessened its position in Capital One Financial Co. (NYSE:COF) by 3.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 189,979 shares of the financial services provider’s stock after selling 6,800 shares during the period. Thornburg Investment Management Inc.’s holdings in Capital One Financial were worth $33,877,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bfsg LLC bought a new stake in Capital One Financial in the fourth quarter worth about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Capital One Financial in the fourth quarter worth approximately $27,000. TruNorth Capital Management LLC bought a new stake in shares of Capital One Financial during the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. purchased a new position in Capital One Financial during the 4th quarter valued at $32,000. Finally, Decker Retirement Planning Inc. purchased a new position in Capital One Financial during the 4th quarter valued at $32,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Baird R W upgraded Capital One Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. Barclays lifted their price objective on shares of Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. 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 report on Thursday, April 24th. Robert W. Baird raised shares of Capital One Financial from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $190.00 to $200.00 in a research report on Tuesday, March 11th. Finally, Citigroup lowered their price target on Capital One Financial from $245.00 to $230.00 and set a “buy” rating for the company in a report on Monday, March 24th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.73.

Insider Transactions at Capital One Financial

In other news, insider Michael Zamsky sold 9,560 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $199.40, for a total transaction 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. The trade was a 32.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 56,244 shares of the company’s stock, valued at $11,175,682.80. The trade was a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Capital One Financial Price Performance

Shares of COF stock opened at $197.54 on Friday. The stock’s 50-day moving average is $175.69 and its 200 day moving average is $183.79. Capital One Financial Co. has a 1-year low of $128.23 and a 1-year high of $210.67. 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 company has a market cap of $75.68 billion, a P/E ratio of 17.04, a PEG ratio of 1.19 and a beta of 1.13.

Capital One Financial (NYSE:COF) last released its quarterly earnings results 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 business had revenue of $10 billion for 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%. Research analysts predict that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.21%. The ex-dividend date is Friday, May 23rd. Capital One Financial’s dividend payout ratio is currently 20.15%.

Capital One Financial Profile

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.