Check Capital Management Inc. CA Decreases Stock Position in Brookfield Co. (NYSE:BN)

Check Capital Management Inc. CA decreased its holdings in Brookfield Co. (NYSE:BN) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,996,978 shares of the company’s stock after selling 37,806 shares during the quarter. Brookfield makes up about 5.1% of Check Capital Management Inc. CA’s investment portfolio, making the stock its 2nd largest position. Check Capital Management Inc. CA’s holdings in Brookfield were worth $172,176,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Creative Planning grew its stake in shares of Brookfield by 7.1% during the third quarter. Creative Planning now owns 349,696 shares of the company’s stock valued at $18,586,000 after purchasing an additional 23,269 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. boosted its position in Brookfield by 0.8% in the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,757,035 shares of the company’s stock valued at $93,422,000 after buying an additional 14,661 shares during the last quarter. Blue Trust Inc. raised its position in shares of Brookfield by 178.4% during the third quarter. Blue Trust Inc. now owns 1,963 shares of the company’s stock worth $104,000 after acquiring an additional 1,258 shares during the last quarter. Schubert & Co acquired a new position in shares of Brookfield during the third quarter valued at $865,000. Finally, Maple Capital Management Inc. bought a new position in Brookfield in the third quarter valued at about $280,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

BN has been the subject of several recent research reports. TD Securities boosted their price objective on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Scotiabank raised their price objective on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research note on Monday, February 3rd. BMO Capital Markets reiterated an “outperform” rating and set a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Morgan Stanley began coverage on Brookfield in a research report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price target on the stock. Finally, CIBC upped their price objective on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Brookfield has an average rating of “Moderate Buy” and a consensus target price of $64.00.

Brookfield Stock Up 0.8 %

Shares of Brookfield stock opened at $60.88 on Friday. Brookfield Co. has a 1 year low of $38.18 and a 1 year high of $62.78. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. The company has a market capitalization of $100.20 billion, a P/E ratio of 129.53 and a beta of 1.57. The business has a 50-day moving average of $58.44 and a two-hundred day moving average of $54.57.

Brookfield (NYSE:BN) last announced its earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.88 by $0.13. Brookfield had a net margin of 1.00% and a return on equity of 3.74%. As a group, equities analysts predict that Brookfield Co. will post 3.83 EPS for the current year.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.09 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.59%. Brookfield’s dividend payout ratio is currently 68.09%.

Brookfield Profile

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.