Berkshire Hathaway Inc Reduces Stock Position in Capital One Financial Co. (NYSE:COF)

Berkshire Hathaway Inc trimmed its position in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 18.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,450,000 shares of the financial services provider's stock after selling 1,650,000 shares during the period. Capital One Financial makes up about 0.5% of Berkshire Hathaway Inc's holdings, making the stock its 18th largest holding. Berkshire Hathaway Inc owned about 1.95% of Capital One Financial worth $1,328,484,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of COF. Principal Financial Group Inc. boosted its holdings in Capital One Financial by 4.3% in the third quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider's stock valued at $64,482,000 after purchasing an additional 17,825 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Capital One Financial by 4.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider's stock worth $8,234,000 after buying an additional 2,006 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Capital One Financial by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock worth $1,467,393,000 after buying an additional 207,427 shares during the period. Westbourne Investments Inc. acquired a new stake in Capital One Financial in the fourth quarter valued at approximately $410,000. Finally, Artemis Investment Management LLP purchased a new position in Capital One Financial in the fourth quarter worth approximately $46,915,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

Shares of COF traded down $1.93 during mid-day trading on Tuesday, hitting $185.97. The company's stock had a trading volume of 3,459,368 shares, compared to its average volume of 3,175,782. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial Co. has a 1-year low of $128.23 and a 1-year high of $210.67. The firm has a market capitalization of $70.94 billion, a P/E ratio of 16.05, a P/E/G ratio of 1.19 and a beta of 1.13. The firm has a 50-day simple moving average of $173.46 and a 200 day simple moving average of $181.85.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, beating analysts' consensus estimates of $3.75 by $0.31. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.07 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. Analysts predict that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.29%. Capital One Financial's payout ratio is 20.15%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Capital One Financial from $198.00 to $170.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. HSBC raised Capital One Financial from a "reduce" rating to a "hold" rating and set a $176.00 price objective for the company in a research report on Tuesday, January 14th. Robert W. Baird raised Capital One Financial from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $190.00 to $200.00 in a research report on Tuesday, March 11th. Barclays raised their price objective on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Finally, Hsbc Global Res raised Capital One Financial from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $207.73.

Capital One Financial Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.