Northwestern Mutual Wealth Management Co. Has $1.23 Million Holdings in Capital One Financial Corp. (COF)

Northwestern Mutual Wealth Management Co. decreased its holdings in shares of Capital One Financial Corp. (NYSE:COF) by 11.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,341 shares of the financial services provider’s stock after selling 1,579 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Capital One Financial were worth $1,228,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in COF. Stifel Financial Corp increased its stake in shares of Capital One Financial by 18.5% during the second quarter. Stifel Financial Corp now owns 33,770 shares of the financial services provider’s stock valued at $2,790,000 after purchasing an additional 5,264 shares in the last quarter. Shelton Capital Management bought a new position in shares of Capital One Financial during the second quarter valued at approximately $332,000. Janus Henderson Group PLC increased its stake in shares of Capital One Financial by 130.6% during the second quarter. Janus Henderson Group PLC now owns 152,859 shares of the financial services provider’s stock valued at $12,630,000 after purchasing an additional 86,563 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Capital One Financial by 1.0% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 99,827 shares of the financial services provider’s stock valued at $8,246,000 after purchasing an additional 988 shares in the last quarter. Finally, BlueCrest Capital Management Ltd bought a new position in shares of Capital One Financial during the second quarter valued at approximately $6,258,000. 88.87% of the stock is owned by institutional investors and hedge funds.

In related news, insider Robert M. Alexander sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $92.18, for a total value of $460,900.00. Following the sale, the insider now owns 89,603 shares in the company, valued at $8,259,604.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert M. Alexander sold 76,354 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $94.84, for a total transaction of $7,241,413.36. Following the completion of the sale, the insider now owns 89,603 shares in the company, valued at approximately $8,497,948.52. The disclosure for this sale can be found here. Insiders sold 954,948 shares of company stock worth $97,433,019 in the last 90 days. 1.73% of the stock is currently owned by corporate insiders.

Shares of Capital One Financial Corp. (NYSE COF) opened at $101.57 on Monday. Capital One Financial Corp. has a fifty-two week low of $76.05 and a fifty-two week high of $106.50. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.23. The company has a market cap of $49,312.23, a P/E ratio of 29.44, a PEG ratio of 0.93 and a beta of 1.33.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $1.62 EPS for the quarter, missing the Zacks’ consensus estimate of $1.85 by ($0.23). Capital One Financial had a net margin of 6.89% and a return on equity of 8.36%. The firm had revenue of $7 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the previous year, the company earned $1.45 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. sell-side analysts forecast that Capital One Financial Corp. will post 9.72 EPS for the current year.

Capital One Financial announced that its Board of Directors has initiated a stock buyback program on Tuesday, December 26th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 12th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Friday, February 9th. Capital One Financial’s dividend payout ratio is currently 46.38%.

A number of equities analysts have weighed in on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $140.00 target price on shares of Capital One Financial in a research note on Wednesday, January 24th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $117.00 target price (up previously from $112.00) on shares of Capital One Financial in a research note on Wednesday, January 24th. Credit Suisse Group raised their target price on shares of Capital One Financial from $106.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Buckingham Research raised their target price on shares of Capital One Financial from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $110.00 price target on shares of Capital One Financial in a report on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. Capital One Financial presently has a consensus rating of “Hold” and an average price target of $106.14.

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Capital One Financial Company Profile

Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.

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Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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