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

Berkshire Hathaway Inc decreased its position in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 7.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,100,000 shares of the financial services provider's stock after selling 719,052 shares during the quarter. Capital One Financial makes up 0.5% of Berkshire Hathaway Inc's holdings, making the stock its 19th largest holding. Berkshire Hathaway Inc owned about 2.39% of Capital One Financial worth $1,362,543,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC raised its position in shares of Capital One Financial by 0.7% in the 3rd quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider's stock worth $1,451,527,000 after acquiring an additional 72,097 shares in the last quarter. FMR LLC raised its holdings in Capital One Financial by 21.4% in the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider's stock worth $994,350,000 after purchasing an additional 1,169,395 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Capital One Financial by 5.5% during the second quarter. Clearbridge Investments LLC now owns 3,663,439 shares of the financial services provider's stock valued at $507,203,000 after buying an additional 189,843 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Capital One Financial by 2.5% in the 2nd quarter. Legal & General Group Plc now owns 3,331,196 shares of the financial services provider's stock valued at $461,204,000 after buying an additional 79,908 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Capital One Financial by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,687,999 shares of the financial services provider's stock worth $402,474,000 after buying an additional 28,541 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Price Performance

Capital One Financial stock traded down $4.49 during trading on Monday, reaching $187.52. The company had a trading volume of 2,504,529 shares, compared to its average volume of 2,572,647. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00. The firm's 50-day simple moving average is $166.58 and its 200 day simple moving average is $149.52. The firm has a market capitalization of $71.54 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 1.40 and a beta of 1.43. Capital One Financial Co. has a 1-year low of $112.64 and a 1-year high of $198.30.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.81. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. During the same quarter last year, the business earned $4.45 earnings per share. The company's revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Capital One Financial Co. will post 13.54 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.28%. Capital One Financial's payout ratio is currently 22.66%.

Analysts Set New Price Targets

COF has been the subject of a number of analyst reports. The Goldman Sachs Group increased their target price on shares of Capital One Financial from $182.00 to $205.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Royal Bank of Canada raised their price objective on Capital One Financial from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research report on Friday, October 25th. Citigroup initiated coverage on Capital One Financial in a research report on Friday, September 20th. They set a "buy" rating and a $190.00 target price on the stock. Robert W. Baird raised their price target on Capital One Financial from $145.00 to $150.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Finally, Barclays upped their price objective on shares of Capital One Financial from $154.00 to $158.00 and gave the company an "equal weight" rating in a report on Tuesday, October 8th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $160.18.

Insider Activity

In other news, insider Kara West sold 721 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total transaction of $133,190.33. Following the transaction, the insider now directly owns 12,929 shares in the company, valued at $2,388,374.17. The trade was a 5.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael Zamsky sold 10,541 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the sale, the insider now owns 26,482 shares of the company's stock, valued at $5,038,465.32. This trade represents a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,007 shares of company stock worth $4,982,647 over the last quarter. 1.30% of the stock is currently owned by corporate insiders.

About Capital One Financial

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.