The Upward Trajectory Continues
On September 20, 2024, Citigroup made waves in the financial world by launching coverage of Capital One Financial (XTRA:CFX) while waving the Buy flag high and proud. With a Buy recommendation gleaming like a beacon, the forecasted average one-year price target for Capital One Financial stands at €146.25 per share, offering investors a potential 7.53% upside.
Revenue and Earnings: Pointing North
Emerging from the shadows of uncertainty, Capital One Financial shines brightly with a projected annual revenue of 38,493MM, showcasing a robust 47.78% increase. Non-GAAP EPS projections stand strong at 15.20, adding to the allure of this financial juggernaut.
Ownership Landscape: Shifting Sands
The ownership tides are shifting for Capital One Financial, with 2,087 funds or institutions now reporting positions in the company. This 2.05% surge in owners signifies a growing interest in the financial giant. The average portfolio weight for all funds invested in CFX has climbed to 0.34%, marking a noteworthy 6.80% increase. Despite this excitement, the total shares owned by institutions observed a slight dip of 0.39% over the last three months, resting at a value of 433,385K shares.
Recent maneuvers by major shareholders shed light on evolving strategies within the Capital One Financial circle. Capital Research Global Investors, Dodge & Cox, Harris Associates L.P., and Vanguard Total Stock Market Index Fund Investor Shares are among the prominent players making waves. Each firm showcases a unique approach, with varied decreases and increases in their portfolio allocations. These decisive actions hint at a dynamic landscape within the financial market, pointing towards an exciting future for Capital One Financial.
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This article was originally published on Fintel and reflects the author’s views and not necessarily those of Nasdaq, Inc.
