Capital One Financial Corporation $COF Position Boosted by Thornburg Investment Management Inc.

Key Points

• Thornburg Investment Management increased its Capital One stake by 43.1% in the second quarter, bringing its holdings to 199,843 shares valued at approximately $40.1 million. Institutional investors collectively own 89.84% of COF.
• Capital One reported quarterly EPS of $5.81, exceeding estimates of $4.79, while revenue rose 26.9% year over year to $15.83 billion. The company declared a quarterly dividend of $0.80 per share, representing a 1.5% annualized yield.
• Analysts maintain a favorable outlook, with 21 Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $258.91, above the reported share price of $215.81.

Thornburg Investment Management Inc. lifted its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 43.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 199,843 shares of the financial services provider's stock after purchasing an additional 60,173 shares during the period. Thornburg Investment Management Inc.'s holdings in Capital One Financial were worth $40,093,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in COF. Evolution Wealth Management Inc. boosted its holdings in Capital One Financial by 529.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider's stock worth $26,000 after buying an additional 90 shares in the last quarter. Solstein Capital LLC acquired a new position in Capital One Financial in the second quarter worth approximately $26,000. VSM Wealth Advisory LLC bought a new position in shares of Capital One Financial in the fourth quarter valued at $27,000. Cherry Tree Wealth Management LLC increased its holdings in shares of Capital One Financial by 1,312.5% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider's stock valued at $27,000 after buying an additional 105 shares in the last quarter. Finally, Ballast Advisors LLC acquired a new stake in shares of Capital One Financial during the 1st quarter valued at $27,000. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Trading Down 0.4%

Capital One Financial stock opened at $215.81 on Friday. The company has a 50 day moving average price of $210.32 and a 200 day moving average price of $198.00. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $132.40 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 0.79 and a beta of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.79 by $1.02. The company had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The company's revenue was up 26.9% on a year-over-year basis. During the same period in the previous year, the business earned $5.48 EPS. Research analysts forecast that Capital One Financial Corporation will post 20.29 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.80 per share. The ex-dividend date is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. Capital One Financial's payout ratio is currently 19.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Citigroup reduced their price objective on Capital One Financial from $310.00 to $295.00 and set a "buy" rating for the company in a research note on Tuesday, July 28th. BTIG Research boosted their target price on Capital One Financial from $224.00 to $259.00 and gave the stock a "buy" rating in a research report on Tuesday, June 30th. TD Cowen reduced their target price on Capital One Financial from $260.00 to $253.00 and set a "buy" rating for the company in a report on Tuesday, July 7th. UBS Group increased their price target on Capital One Financial from $275.00 to $280.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Finally, Barclays dropped their price target on Capital One Financial from $242.00 to $240.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 22nd. Twenty-one investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $258.91.

Insider Activity

In other Capital One Financial news, insider Ravi Raghu sold 9,726 shares of the firm's stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the completion of the sale, the insider directly owned 26,328 shares in the company, valued at approximately $5,523,087.84. This trade represents a 26.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Timothy P. Golden sold 3,487 shares of Capital One Financial stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total value of $735,757.00. Following the transaction, the chief accounting officer directly owned 7,429 shares in the company, valued at approximately $1,567,519. This trade represents a 31.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 26,267 shares of company stock valued at $5,617,648 in the last ninety days. Corporate insiders own 0.78% of the company's stock.

About Capital One Financial

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.

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