Berkshire Hathaway Inc Makes New $601.86 Million Investment in Capital One Financial Corporation $COF

Berkshire Hathaway Inc purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,000,000 shares of the financial services provider’s stock, valued at approximately $601,860,000. Capital One Financial makes up about 0.2% of Berkshire Hathaway Inc’s investment portfolio, making the stock its 20th largest position. Berkshire Hathaway Inc owned 0.49% of Capital One Financial at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Command Advisory Services Inc. increased its position in Capital One Financial by 4.5% during the 4th quarter. First Command Advisory Services Inc. now owns 1,067 shares of the financial services provider’s stock valued at $259,000 after buying an additional 46 shares in the last quarter. Dogwood Wealth Management LLC boosted its holdings in Capital One Financial by 26.0% in the fourth quarter. Dogwood Wealth Management LLC now owns 228 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 47 shares in the last quarter. High Note Wealth LLC boosted its holdings in Capital One Financial by 44.9% in the fourth quarter. High Note Wealth LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 48 shares in the last quarter. Fiducient Advisors LLC grew its stake in shares of Capital One Financial by 4.2% during the fourth quarter. Fiducient Advisors LLC now owns 1,196 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 48 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. grew its stake in shares of Capital One Financial by 5.0% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 1,057 shares of the financial services provider’s stock worth $256,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In related news, insider Celia Karam sold 1,888 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $225.52, for a total transaction of $425,781.76. Following the completion of the transaction, the insider owned 59,708 shares of the company’s stock, valued at $13,465,348.16. This trade represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the transaction, the insider owned 27,992 shares of the company’s stock, valued at $6,102,815.84. This represents a 16.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 26,267 shares of company stock valued at $5,617,648. 0.78% of the stock is owned by corporate insiders.

Capital One Financial Trading Up 0.6%

Capital One Financial stock opened at $217.55 on Thursday. The stock has a 50-day moving average price of $209.74 and a 200 day moving average price of $197.92. The company has a market capitalization of $133.46 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 0.79 and a beta of 1.02. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping the consensus estimate of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The company had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $15.76 billion. During the same quarter in the prior year, the company earned $5.48 EPS. Capital One Financial’s quarterly revenue was up 26.9% on a year-over-year basis. Sell-side analysts anticipate that Capital One Financial Corporation will post 20.29 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial’s dividend payout ratio is 19.80%.

Analyst Ratings Changes

Several brokerages recently commented on COF. Wolfe Research increased their price objective on shares of Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday. UBS Group lifted their target price on shares of Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. BTIG Research boosted their target price on shares of Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Twenty-one investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $258.91.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.