Capital One Financial Corporation $COF Stock Position Increased by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group L.P. increased its ownership of Capital One Financial by 120.7% in Q1 2023, now holding a total of 867,002 shares valued at approximately $155 million.
• Analysts have rated Capital One Financial with a consensus of "Moderate Buy" and have set an average price target of $238.81 for the stock.
• The company recently declared a quarterly dividend of $0.60, resulting in an annualized yield of 1.1%, despite a high dividend payout ratio of 123.08%.

Alyeska Investment Group L.P. grew its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 120.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 867,002 shares of the financial services provider's stock after acquiring an additional 474,193 shares during the period. Alyeska Investment Group L.P. owned about 0.23% of Capital One Financial worth $155,453,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in COF. Brighton Jones LLC raised its stake in shares of Capital One Financial by 330.1% in the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock valued at $2,423,000 after acquiring an additional 10,428 shares during the period. AXA S.A. raised its stake in shares of Capital One Financial by 464.5% in the 4th quarter. AXA S.A. now owns 44,289 shares of the financial services provider's stock valued at $7,898,000 after acquiring an additional 36,443 shares during the period. Aptus Capital Advisors LLC raised its stake in shares of Capital One Financial by 4.4% in the 4th quarter. Aptus Capital Advisors LLC now owns 5,665 shares of the financial services provider's stock valued at $1,010,000 after acquiring an additional 239 shares during the period. Cary Street Partners Financial LLC acquired a new stake in Capital One Financial during the 4th quarter valued at $1,190,000. Finally, Cetera Investment Advisers grew its holdings in Capital One Financial by 11.5% during the 4th quarter. Cetera Investment Advisers now owns 58,593 shares of the financial services provider's stock valued at $10,448,000 after purchasing an additional 6,044 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Wall Street Analyst Weigh In

COF has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Citigroup raised their price target on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Rothschild & Co Redburn initiated coverage on shares of Capital One Financial in a report on Friday, August 1st. They set a "buy" rating and a $290.00 price target for the company. Truist Financial raised their price target on shares of Capital One Financial from $225.00 to $260.00 and gave the company a "buy" rating in a report on Monday, July 28th. Finally, Bank of America raised their price target on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Three investment 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 stock. According to data from MarketBeat, Capital One Financial presently has an average rating of "Moderate Buy" and an average price target of $238.81.

Insider Buying and Selling at Capital One Financial

In other news, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the transaction, the insider directly owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of Capital One Financial stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the transaction, the chief accounting officer directly owned 8,987 shares of the company's stock, valued at $1,889,786.36. This trade represents a 27.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,298 shares of company stock valued at $4,679,844. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Stock Down 2.0%

COF stock traded down $4.60 during mid-day trading on Friday, hitting $221.72. 3,840,767 shares of the company were exchanged, compared to its average volume of 2,985,290. The company has a market capitalization of $141.79 billion, a PE ratio of 113.70, a price-to-earnings-growth ratio of 0.87 and a beta of 1.17. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a twelve month low of $131.55 and a twelve month high of $232.45. The firm has a fifty day simple moving average of $217.39 and a 200 day simple moving average of $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 earnings per share for the quarter, topping the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same period in the prior year, the business earned $3.14 earnings per share. Capital One Financial's revenue was up 31.4% on a year-over-year basis. On average, research analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share 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. Stockholders of record on Friday, August 15th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial's payout ratio is 123.08%.

Capital One Financial Company 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.