Alyeska Investment Group L.P. Has $158.60 Million Stake in Capital One Financial Corporation $COF

Key Points

• Alyeska Investment Group increased its Capital One Financial stake by 1,079.6% in the second quarter, acquiring 723,529 additional shares. Its holdings totaled 790,549 shares worth approximately $158.6 million, while institutional investors collectively owned 89.84% of the company.
• Capital One reported quarterly earnings of $5.81 per share, beating estimates of $4.79, on revenue of $15.83 billion. Revenue rose 26.9% year over year, and analysts expect full-year EPS of $20.29.
• The company declared a quarterly dividend of $0.80 per share, equating to an annualized payout of $3.20 and a 1.5% yield. Wall Street maintained a generally positive outlook, with 21 Buy ratings, three Holds, and an average price target of $258.91.

Alyeska Investment Group L.P. lifted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 1,079.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 790,549 shares of the financial services provider's stock after acquiring an additional 723,529 shares during the period. Alyeska Investment Group L.P. owned 0.13% of Capital One Financial worth $158,600,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Evolution Wealth Management Inc. grew its stake in Capital One Financial by 529.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 90 shares during the period. Solstein Capital LLC bought a new stake in Capital One Financial during the 2nd quarter valued at $26,000. VSM Wealth Advisory LLC bought a new stake in Capital One Financial during the 4th quarter valued at $27,000. Cherry Tree Wealth Management LLC raised its holdings in Capital One Financial by 1,312.5% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider's stock worth $27,000 after buying an additional 105 shares during the last quarter. Finally, Ballast Advisors LLC bought a new position in shares of Capital One Financial in the first quarter valued at $27,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Stock Performance

Shares of COF opened at $215.81 on Friday. The firm has a market cap of $132.40 billion, a PE ratio of 13.35, a PEG ratio of 0.79 and a beta of 1.02. The stock's fifty day moving average price is $210.32 and its two-hundred day moving average price is $198.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping the consensus estimate of $4.79 by $1.02. The company had revenue of $15.83 billion during the quarter, compared to analyst estimates of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The firm's revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter last year, the firm posted $5.48 EPS. On average, equities research analysts forecast that Capital One Financial Corporation will post 20.29 EPS for the current year.

Capital One Financial Announces Dividend

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

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Lia Dean sold 2,193 shares of the business's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $225.52, for a total transaction of $494,565.36. Following the sale, the insider owned 63,261 shares of the company's stock, valued at $14,266,620.72. The trade was a 3.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of the business's stock in a transaction on Friday, July 31st. The shares were sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the sale, the insider directly owned 26,328 shares in the company, valued at $5,523,087.84. The trade was a 26.98% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 26,267 shares of company stock worth $5,617,648 in the last ninety days. Insiders own 0.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on COF. UBS Group lifted their price objective on shares of Capital One Financial from $275.00 to $280.00 and gave the company a "buy" rating in a report on Monday, August 3rd. Piper Sandler assumed coverage on Capital One Financial in a research note on Monday, June 29th. They set an "overweight" rating and a $254.00 price target for the company. JPMorgan Chase & Co. boosted their price objective on Capital One Financial from $215.00 to $245.00 and gave the stock an "overweight" rating in a report on Monday, July 13th. Barclays lowered their price objective on Capital One Financial from $242.00 to $240.00 and set an "overweight" rating for the company in a research note on Wednesday, July 22nd. Finally, Bank of America cut their target price on Capital One Financial from $234.00 to $231.00 and set a "buy" rating on the stock in a research report on Thursday, July 9th. Twenty-one investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Capital One Financial presently has an average rating of "Moderate Buy" and an average price target of $258.91.

Capital One Financial Company Profile

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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