Capital One Financial Corporation $COF Stock Position Raised by Alua Capital Management LP

Key Points

• Alua Capital Management LP increased its stake in Capital One Financial Corporation by 20.6% during the first quarter, owning approximately $74 million worth of shares.
• Several hedge funds, including Saudi Central Bank and Bogart Wealth LLC, have also made significant adjustments to their positions in Capital One Financial.
• Capital One recently reported impressive earnings, beating expectations with an EPS of $5.48 for the quarter, despite total revenue being slightly below forecasts.

Alua Capital Management LP raised its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 20.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 412,748 shares of the financial services provider's stock after purchasing an additional 70,600 shares during the quarter. Capital One Financial accounts for approximately 5.8% of Alua Capital Management LP's holdings, making the stock its 8th largest holding. Alua Capital Management LP owned 0.11% of Capital One Financial worth $74,006,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of COF. Vanguard Group Inc. grew its holdings in shares of Capital One Financial by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider's stock valued at $5,782,590,000 after acquiring an additional 506,105 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Capital One Financial by 23.7% in the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock valued at $889,519,000 after acquiring an additional 950,415 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Capital One Financial by 18.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider's stock valued at $854,647,000 after acquiring an additional 734,939 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Capital One Financial by 13.3% in the 1st quarter. Invesco Ltd. now owns 4,665,496 shares of the financial services provider's stock valued at $836,523,000 after acquiring an additional 548,052 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Capital One Financial by 31.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,222,533 shares of the financial services provider's stock valued at $574,642,000 after acquiring an additional 765,292 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Price Performance

Shares of NYSE COF traded down $4.60 during midday trading on Friday, reaching $221.72. The company's stock had a trading volume of 3,840,767 shares, compared to its average volume of 2,985,290. Capital One Financial Corporation has a fifty-two week low of $131.55 and a fifty-two week high of $232.45. The company has a market cap of $141.79 billion, a P/E ratio of 113.70, a P/E/G ratio of 0.87 and a beta of 1.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The business's 50 day moving average price is $217.39 and its two-hundred day moving average price is $195.67.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same quarter in the prior year, the firm earned $3.14 earnings per share. The firm's revenue for the quarter was up 31.4% on a year-over-year basis. On average, analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's dividend payout ratio (DPR) is presently 123.08%.

Wall Street Analyst Weigh In

A number of research firms recently commented on COF. Wells Fargo & Company lifted their price target on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Rothschild & Co Redburn began coverage on Capital One Financial in a report on Friday, August 1st. They set a "buy" rating and a $290.00 price target for the company. JPMorgan Chase & Co. lifted their price target on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Wall Street Zen cut Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Bank of America boosted their price objective on Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $238.81.

Insiders Place Their Bets

In other news, insider Michael Zamsky sold 5,515 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider owned 27,364 shares of the company's stock, valued at $5,735,220.76. This represents a 16.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Timothy P. Golden sold 207 shares of Capital One Financial stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the transaction, the chief accounting officer owned 8,780 shares of the company's stock, valued at $1,891,299.80. This trade represents a 2.30% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,298 shares of company stock valued at $4,679,844. 1.26% of the stock is currently owned by insiders.

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.