Capital One Monetary Corp COF shares are buying and selling larger Tuesday after Berkshire Hathaway took a brand new stake within the monetary providers firm. 

What Occurred: In response to a brand new 13-F submitting, Warren Buffett’s Berkshire Hathaway bought 9.922 million shares of Capital One valued at greater than $950 million.

Capital One wasn’t the one change within the banking area for Berkshire Hathaway final quarter. The Buffett-led agency additionally upped its positions in Citigroup Inc C and Financial institution Of America Corp BAC, whereas chopping positions in U.S. Bancorp USB and Financial institution Of New York Mellon Corp BK.

All disclosures in Berkshire’s regulatory submitting are as of March 31.

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COF Value Motion: Capital One shares are down greater than 22% during the last three months and down greater than 26% during the last 12 months

The inventory was up 6.54% after hours at $94.95 on the heels of the purchase from Berkshire, based on Benzinga Professional.

Photograph: Morgan from Flickr.