Northwestern Mutual Wealth Management Co. Grows Stock Position in Capital One Financial Corporation $COF

Northwestern Mutual Wealth Management Co. increased its stake in Capital One Financial Corporation (NYSE:COF) by 16.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 398,492 shares of the financial services provider’s stock after buying an additional 57,609 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Capital One Financial were worth $96,578,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. VSM Wealth Advisory LLC purchased a new stake in shares of Capital One Financial in the fourth quarter valued at $27,000. Strive Asset Management LLC bought a new position in Capital One Financial during the 3rd quarter valued at about $28,000. Olistico Wealth LLC purchased a new stake in Capital One Financial in the 4th quarter worth about $30,000. Rakuten Securities Inc. raised its position in Capital One Financial by 550.0% in the 4th quarter. Rakuten Securities Inc. now owns 130 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 110 shares during the period. Finally, WFA of San Diego LLC bought a new stake in Capital One Financial in the second quarter worth about $32,000. Institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling at Capital One Financial

In other news, insider Lia Dean sold 1,692 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total transaction of $314,052.12. Following the completion of the transaction, the insider directly owned 65,454 shares in the company, valued at approximately $12,148,916.94. This represents a 2.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $192.58, for a total value of $336,822.42. Following the transaction, the insider owned 61,579 shares of the company’s stock, valued at approximately $11,858,883.82. This represents a 2.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,040 shares of company stock worth $1,498,615 in the last three months. 0.78% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on COF shares. Royal Bank Of Canada cut their price target on shares of Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating on the stock in a report on Friday, April 10th. TD Cowen decreased their price objective on shares of Capital One Financial from $290.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, March 31st. Jefferies Financial Group restated a “buy” rating and issued a $300.00 target price on shares of Capital One Financial in a research note on Monday, March 16th. UBS Group reduced their target price on shares of Capital One Financial from $283.00 to $270.00 in a research report on Wednesday, May 6th. Finally, Argus decreased their price target on shares of Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Seventeen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $258.75.

Capital One Financial Price Performance

NYSE COF opened at $188.06 on Friday. The stock’s fifty day moving average price is $189.11 and its 200 day moving average price is $209.36. Capital One Financial Corporation has a 1 year low of $174.98 and a 1 year high of $259.64. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $117.03 billion, a price-to-earnings ratio of 65.98, a PEG ratio of 0.69 and a beta of 1.05.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing the consensus estimate of $5.08 by ($0.66). The company had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The firm’s revenue was up 52.3% on a year-over-year basis. During the same period last year, the business earned $4.06 earnings per share. As a group, equities research analysts forecast that Capital One Financial Corporation will post 19.14 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.7%. Capital One Financial’s payout ratio is 112.28%.

Capital One Financial 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.