5 Cheapest Stocks in Warren Buffett’s Portfolio for 2024

4. Capital One Financial Corporation (NYSE:COF)

Berkshire Hathaway’s Latest Investment: $1.21 Billion
Number of Hedge Fund Holders: 49
P/E Ratio: 9.89

McLean, Virginia-based Capital One Financial Corporation (NYSE:COF) operates as a financial services company. It offers various financial services and products, including credit cards and consumer and commercial banking. Capital One Financial Corporation (NYSE:COF) also accepts checking accounts, money market deposits, negotiable orders of withdrawals, savings, and deposits.

Capital One Financial Corporation (NYSE:COF) remains one of the cheapest stocks in Warren Buffett’s portfolio for 2024 at the back of a 43% year-to-date gain. Capital One Financial Corporation (NYSE:COF) trades with a price-to-earnings multiple of 9.89 while rewarding investors with a 1.82% yield. Berkshire Hathaway held stakes worth $1.21 billion as of the end of Q3 2023.

In the third quarter of this year, 49 out of the 910 hedge funds analyzed by Insider Monkey actively acquired and held shares of Capital One Financial Corporation (NYSE:COF). Notably, Harris Associates emerged as the largest shareholder, boasting a substantial stake valued at $1.8 billion.

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