Northwestern Mutual Wealth Management Co. Has $23.85 Million Stock Position in Capital One Financial Corporation $COF

Northwestern Mutual Wealth Management Co. trimmed its stake in shares of Capital One Financial Corporation (NYSE:COF) by 71.1% during the fourth quarter, Holdings Channel reports. The firm owned 98,423 shares of the financial services provider’s stock after selling 242,460 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Capital One Financial were worth $23,854,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Isthmus Partners LLC acquired a new stake in Capital One Financial during the fourth quarter valued at approximately $218,000. 1ST Source Bank acquired a new stake in Capital One Financial during the fourth quarter valued at approximately $219,000. Bessemer Group Inc. boosted its holdings in Capital One Financial by 7,143.2% during the fourth quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock valued at $350,966,000 after purchasing an additional 1,428,133 shares in the last quarter. AustralianSuper Pty Ltd boosted its holdings in shares of Capital One Financial by 36.5% in the 4th quarter. AustralianSuper Pty Ltd now owns 741,137 shares of the financial services provider’s stock worth $179,622,000 after acquiring an additional 198,013 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Capital One Financial by 0.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,027,642 shares of the financial services provider’s stock worth $249,070,000 after acquiring an additional 5,678 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on COF shares. UBS Group reduced their target price on Capital One Financial from $283.00 to $270.00 in a report on Wednesday, May 6th. Rothschild & Co Redburn reduced their target price on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reduced their target price on Capital One Financial from $256.00 to $250.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. Barclays boosted their target price on Capital One Financial from $226.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a report on Friday, March 27th. Eighteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $257.52.

Insiders Place Their Bets

In other Capital One Financial news, insider Lia Dean sold 1,692 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $185.61, for a total transaction of $314,052.12. Following the completion of the sale, the insider owned 65,454 shares in the company, valued at approximately $12,148,916.94. The trade was a 2.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $183.93, for a total transaction of $643,755.00. Following the sale, the general counsel owned 97,194 shares of the company’s stock, valued at $17,876,892.42. The trade was a 3.48% decrease in their position. 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 have sold 49,904 shares of company stock valued at $9,528,159 over the last 90 days. Corporate insiders own 0.78% of the company’s stock.

Capital One Financial Price Performance

Capital One Financial stock opened at $182.02 on Wednesday. The business’s 50-day simple moving average is $188.17 and its 200 day simple moving average is $211.09. The stock has a market cap of $113.27 billion, a price-to-earnings ratio of 63.86, a P/E/G ratio of 0.68 and a beta of 1.05. Capital One Financial Corporation has a 12-month low of $174.98 and a 12-month high of $259.64. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.08 by ($0.66). The firm had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. Capital One Financial’s revenue was up 52.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.06 EPS. As a group, research analysts anticipate that Capital One Financial Corporation will post 19.17 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 19th will be issued a $0.80 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $3.20 annualized dividend and a yield of 1.8%. Capital One Financial’s dividend payout ratio (DPR) is currently 112.28%.

About Capital One Financial

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.