Thornburg Investment Management Inc. lessened its holdings in Capital One Financial Co. (NYSE:COF - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 189,979 shares of the financial services provider's stock after selling 6,800 shares during the quarter. Thornburg Investment Management Inc.'s holdings in Capital One Financial were worth $33,877,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Suvretta Capital Management LLC increased its position in shares of Capital One Financial by 6.8% in the fourth quarter. Suvretta Capital Management LLC now owns 251,642 shares of the financial services provider's stock valued at $44,873,000 after acquiring an additional 16,042 shares during the period. Siemens Fonds Invest GmbH increased its position in shares of Capital One Financial by 2,139.7% in the fourth quarter. Siemens Fonds Invest GmbH now owns 92,431 shares of the financial services provider's stock valued at $16,482,000 after acquiring an additional 88,304 shares during the period. Rafferty Asset Management LLC increased its position in shares of Capital One Financial by 4.0% in the fourth quarter. Rafferty Asset Management LLC now owns 134,603 shares of the financial services provider's stock valued at $24,002,000 after acquiring an additional 5,142 shares during the period. Raiffeisen Bank International AG purchased a new position in shares of Capital One Financial in the fourth quarter valued at about $707,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in shares of Capital One Financial by 146.7% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,169 shares of the financial services provider's stock valued at $1,813,000 after acquiring an additional 6,047 shares during the period. Hedge funds and other institutional investors own 89.84% of the company's stock.
Capital One Financial Price Performance
Shares of COF traded down $1.51 during mid-day trading on Tuesday, reaching $195.90. The stock had a trading volume of 5,236,035 shares, compared to its average volume of 3,386,065. The firm has a market cap of $75.06 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 1.19 and a beta of 1.13. Capital One Financial Co. has a 12 month low of $128.23 and a 12 month high of $210.67. The business has a fifty day moving average of $176.82 and a 200 day moving average of $184.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98.
Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, topping analysts' consensus estimates of $3.75 by $0.31. The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.07 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. Equities analysts predict that Capital One Financial Co. will post 15.65 EPS for the current year.
Capital One Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Friday, May 23rd. Capital One Financial's dividend payout ratio is currently 20.15%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on COF. Citigroup cut their target price on shares of Capital One Financial from $245.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Argus raised shares of Capital One Financial to a "strong-buy" rating in a research note on Thursday, January 23rd. Robert W. Baird raised shares of Capital One Financial from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $190.00 to $200.00 in a research note on Tuesday, March 11th. 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 report on Thursday, April 24th. Finally, Truist Financial boosted their price objective on shares of Capital One Financial from $215.00 to $225.00 and gave the company a "buy" rating in a report on Friday, April 25th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $207.73.
Check Out Our Latest Stock Analysis on COF
Insider Activity
In other news, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $198.70, for a total value of $329,444.60. Following the sale, the director now owns 56,244 shares of the company's stock, valued at approximately $11,175,682.80. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Zamsky sold 9,560 shares of the company'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 completion of the transaction, 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 disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.
Capital One Financial Profile
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Free Report)
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.
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