Capital One Financial Co. (NYSE:COF) experienced considerable market activity featuring significant share acquisitions, sales, and price movements. Blair William & Co. IL increased its holdings by 259 shares, concurrent with purchases by other entities like Orion Portfolio Solutions LLC, BNP PARIBAS ASSET MANAGEMENT, and Envestnet Portfolio Solutions Inc. Other firms like Empowered Funds LLC, Private Advisor Group LLC, and Denali Advisors LLC reduced their stakes. COF's stock hit a new 1-year high at $150.63, with analysts setting a price target at $141.35.
Its acquisition of
Discover Financial for $35.3 Billion prompted a public meeting and saw COF announce a $265 Billion community benefits plan.
Various earnings reports showed COF delivered net income of $1.3 billion in Q1 2024, though it missed estimates due to loan write-offs. The company also revealed dividends inclusive of Preferred Stock Series L crossing a 6% yield mark.
Warren Buffett is reported to own a significant portion of COF stock and the latter's stock gained 44% in the last six months.
Capital One Financial COF News Analytics from Mon, 13 Nov 2023 08:00:00 GMT to Sun, 21 Jul 2024 16:37:49 GMT -
Rating 8
- Innovation 6
- Information 9
- Rumor -7
