Berkshire Hathaway Inc Takes Position in Capital One Financial Corporation $COF

Berkshire Hathaway Inc bought a new stake in Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 3,000,000 shares of the financial services provider’s stock, valued at approximately $601,860,000. Capital One Financial accounts for 0.2% of Berkshire Hathaway Inc’s portfolio, making the stock its 20th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. First Command Advisory Services Inc. increased its holdings in Capital One Financial by 4.5% in the fourth 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 stake in shares of Capital One Financial by 26.0% during the 4th 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 stake in shares of Capital One Financial by 44.9% during the 4th 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 position in shares of Capital One Financial by 4.2% during the 4th quarter. Fiducient Advisors LLC now owns 1,196 shares of the financial services provider’s stock valued at $290,000 after acquiring an additional 48 shares during the period. Finally, Nicholas Hoffman & Company LLC. grew its position in shares of Capital One Financial by 5.0% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 1,057 shares of the financial services provider’s stock valued at $256,000 after acquiring an additional 50 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

COF has been the subject of a number of analyst reports. Piper Sandler assumed coverage on Capital One Financial in a report on Monday, June 29th. They issued an “overweight” rating and a $254.00 price target for the company. Wolfe Research boosted their price objective on Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday. BTIG Research upped their target price on Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. TD Cowen decreased their target price on Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Finally, Barclays dropped their price target on shares of Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Twenty-one equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. 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 Trading Up 0.6%

Shares of Capital One Financial stock opened at $217.55 on Thursday. The firm has a market capitalization of $133.46 billion, a PE ratio of 13.46, a P/E/G ratio of 0.79 and a beta of 1.02. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The firm’s 50-day moving average price is $209.74 and its 200 day moving average price is $197.92. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. During the same period in the previous year, the firm posted $5.48 EPS. Capital One Financial’s revenue was up 26.9% compared to the same quarter last year. On average, sell-side analysts predict that Capital One Financial Corporation will post 20.29 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

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

Insider Buying and Selling

In other news, CAO Timothy P. Golden sold 3,487 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total value of $735,757.00. Following the completion of the sale, the chief accounting officer directly owned 7,429 shares in the company, valued at $1,567,519. This represents a 31.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lia Dean sold 2,193 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $494,565.36. Following the completion of the transaction, the insider directly owned 63,261 shares in the company, valued at approximately $14,266,620.72. This represents a 3.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 26,267 shares of company stock worth $5,617,648 in the last ninety days. Company insiders own 0.78% of the company’s stock.

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.