Capital One Financial Corporation $COF Shares Purchased by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management increased its Capital One stake by 6.9% in the second quarter to 441,132 shares, while institutional investors collectively own 89.84% of the company.
• Analysts remain broadly positive, with 21 Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $258.91.
• Capital One reported quarterly EPS of $5.81, beating estimates by $1.02, while revenue rose 26.9% year over year to $15.83 billion; the company also paid a quarterly dividend of $0.80 per share.

Northwestern Mutual Wealth Management Co. grew its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 6.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 441,132 shares of the financial services provider's stock after buying an additional 28,527 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.07% of Capital One Financial worth $88,500,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on COF. HSBC upgraded Capital One Financial from a "hold" rating to a "buy" rating and boosted their price target for the stock from $226.00 to $229.00 in a research note on Sunday, July 12th. TD Cowen dropped their price objective on Capital One Financial from $260.00 to $253.00 and set a "buy" rating on the stock in a report on Tuesday, July 7th. UBS Group upped their target price on Capital One Financial from $275.00 to $280.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Bank of America decreased their price target on shares of Capital One Financial from $234.00 to $231.00 and set a "buy" rating for the company in a research report on Thursday, July 9th. Finally, Wolfe Research lifted their price target on shares of Capital One Financial from $255.00 to $275.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 25th. Twenty-one investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $258.91.

Capital One Financial Trading Down 1.7%

Shares of NYSE COF opened at $210.90 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. The stock's 50 day moving average price is $210.86 and its two-hundred day moving average price is $197.76. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64. The stock has a market capitalization of $129.38 billion, a P/E ratio of 13.05, a PEG ratio of 0.79 and a beta of 1.02.

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

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, August 17th. Capital One Financial's payout ratio is currently 19.80%.

Insider Activity

In other Capital One Financial news, insider Lia Dean sold 2,193 shares of the 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 directly owned 63,261 shares of the company's stock, valued at approximately $14,266,620.72. This represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,888 shares of the firm's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $425,781.76. Following the completion of the transaction, the insider owned 59,708 shares in the company, valued at approximately $13,465,348.16. The trade was a 3.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 26,267 shares of company stock valued at $5,617,648 over the last quarter. 0.78% of the stock is owned by company insiders.

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.

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