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Recent investor activity in Capital One Financial reveals notable changes. The Manufacturers Life Insurance Company raised its stake by 1.8%, acquiring 4,723 shares valued at $35.48M. Belpointe Asset Management LLC and Lake Street Advisors both reported new positions worth $261K and $340K, respectively. Tower Research Capital increased its holdings by an impressive 418.4%, now owning shares worth $7.08M. Oppenheimer & Co. raised its position by 18.6%, with a total stock value of $2.87M. Overall, institutional investors hold 89.84% of the company.
Analysts’ Insights
Recent analyst reports provide varying outlooks for COF. Jefferies upgraded it from hold to buy, increasing the target from $145 to $165. JPMorgan adjusted its estimate from $148 to $155, while Citigroup set a target at $190. Bank of America also raised its target to $161. Currently, analysts show a consensus rating of Hold with a target price of $147.21.
Insider Activity
Insider trades include Robert M. Alexander, who sold 30,742 shares for $4.61M, and CEO Kevin S. Borgmann, who sold 61,532 shares for $8.18M. Corporate insiders now own 1.30% of the stock.
Capital One Financial Overview
Capital One Financial opened at $146.51 with a market cap of $55.70B, a P/E ratio of 11.47, and a PEG ratio of 1.21. The company recently reported quarterly earnings of $3.14 per share, below estimates, and a revenue of $9.51B, also slightly under expectations.
Dividend Announcement
Capital One announced a quarterly dividend of $0.60, yielding 1.64%, with a payout ratio of 18.79%.
About Capital One Financial
Capital One operates as a financial services provider in the U.S., Canada, and the U.K., focusing on Credit Card, Consumer Banking, and Commercial Banking sectors.
Further Reading
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