Brookfield Co. (NYSE:BN) Stake Increased by Check Capital Management Inc. CA

Check Capital Management Inc. CA lifted its position in Brookfield Co. (NYSE:BN) by 10.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,982,126 shares of the company’s stock after buying an additional 282,010 shares during the period. Brookfield comprises 4.3% of Check Capital Management Inc. CA’s portfolio, making the stock its 2nd largest holding. Check Capital Management Inc. CA owned about 0.18% of Brookfield worth $97,187,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bamco Inc. NY bought a new stake in Brookfield in the 4th quarter worth about $98,329,000. Lakewood Asset Management LLC purchased a new position in shares of Brookfield during the fourth quarter valued at approximately $732,000. Bank of America Corp DE bought a new position in Brookfield during the fourth quarter valued at approximately $220,252,000. Moors & Cabot Inc. bought a new stake in Brookfield in the 4th quarter worth approximately $446,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Brookfield during the 1st quarter valued at $191,000. Institutional investors own 58.22% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Opps Eb Holdings Ltd. Ocm sold 3,781,561 shares of Brookfield stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $58.00, for a total transaction of $219,330,538.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.00% of the stock is currently owned by company insiders.

Brookfield Trading Down 0.8 %

Brookfield stock opened at $34.58 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 1.36. Brookfield Co. has a 12-month low of $28.25 and a 12-month high of $50.33. The firm has a market capitalization of $56.64 billion, a price-to-earnings ratio of 384.22 and a beta of 1.43. The firm has a 50 day moving average of $33.82 and a 200 day moving average of $32.40.

Brookfield (NYSE:BN) last announced its quarterly earnings data on Thursday, August 10th. The company reported $0.75 EPS for the quarter. The firm had revenue of $23.67 billion for the quarter, compared to the consensus estimate of $1.10 billion. Brookfield had a net margin of 0.33% and a return on equity of 1.80%.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Wednesday, August 30th. Brookfield’s dividend payout ratio (DPR) is 311.11%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. TD Securities raised their price target on Brookfield from $60.00 to $61.00 and gave the stock an “action list buy” rating in a research note on Monday, August 14th. Canaccord Genuity Group downgraded Brookfield from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. CSFB lowered their price objective on shares of Brookfield from $42.00 to $41.00 and set an “outperform” rating on the stock in a research note on Thursday, August 31st. Credit Suisse Group cut their target price on shares of Brookfield from $42.00 to $41.00 and set an “outperform” rating for the company in a research report on Thursday, August 31st. Finally, Royal Bank of Canada decreased their price target on shares of Brookfield from $52.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday, August 14th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $48.00.

About Brookfield

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.