Northwestern Mutual Wealth Management Co. Increases Stock Holdings in Capital One Financial Corporation $COF

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in Capital One Financial Corporation by 880.5%, owning 203,069 shares worth approximately $36.41 million as of the latest SEC filing.
• Insider transactions included the sale of 10,114 shares by Robert M. Alexander, decreasing his ownership by 12.83%, and 19,298 shares sold by insiders in total over the last ninety days.
• Capital One Financial reported $5.48 EPS for the last quarter, significantly exceeding the consensus estimate of $1.93, while its quarterly revenue reached $12.49 billion.

Northwestern Mutual Wealth Management Co. boosted its position in Capital One Financial Corporation (NYSE:COF) by 880.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 203,069 shares of the financial services provider's stock after purchasing an additional 182,358 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.05% of Capital One Financial worth $36,410,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Beacon Capital Management LLC lifted its position in shares of Capital One Financial by 118.3% during the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after buying an additional 97 shares in the last quarter. Bogart Wealth LLC lifted its position in shares of Capital One Financial by 1,518.8% during the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after buying an additional 243 shares in the last quarter. Motco lifted its position in shares of Capital One Financial by 115.1% during the 1st quarter. Motco now owns 256 shares of the financial services provider's stock valued at $46,000 after buying an additional 137 shares in the last quarter. Rossby Financial LCC purchased a new position in shares of Capital One Financial during the 1st quarter valued at about $48,000. Finally, Bernard Wealth Management Corp. purchased a new position in shares of Capital One Financial during the 1st quarter valued at about $54,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Capital One Financial

In other news, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the transaction, the insider directly owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Timothy P. Golden sold 3,462 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total value of $727,989.36. Following the completion of the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at $1,889,786.36. This represents a 27.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,298 shares of company stock valued at $4,233,044 in the last ninety days. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Price Performance

COF opened at $221.2170 on Monday. The business has a fifty day moving average of $212.93 and a 200 day moving average of $194.01. Capital One Financial Corporation has a 52-week low of $131.55 and a 52-week high of $232.45. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The stock has a market cap of $141.47 billion, a P/E ratio of 113.45, a PEG ratio of 0.86 and a beta of 1.16.

Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results 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 firm had revenue of $12.49 billion during the quarter, compared to analysts' expectations of $12.72 billion. Capital One Financial's quarterly revenue was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.14 earnings per share. As a group, sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, August 15th. Capital One Financial's dividend payout ratio is currently 123.08%.

Wall Street Analysts Forecast Growth

COF has been the topic of several recent analyst reports. Royal Bank Of Canada lifted their target price on Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 23rd. Bank of America lifted their price objective on Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Citigroup lifted their price objective on Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Truist Financial lifted their price objective on Capital One Financial from $225.00 to $260.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Finally, TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $184.00 to $258.00 in a research note on Tuesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $238.81.

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.

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