Check Capital Management Inc. CA Has $121.41 Million Position in Brookfield Co. (NYSE:BN)

Check Capital Management Inc. CA decreased its stake in shares of Brookfield Co. (NYSE:BN) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,026,072 shares of the company’s stock after selling 12,257 shares during the period. Brookfield makes up about 4.5% of Check Capital Management Inc. CA’s investment portfolio, making the stock its 2nd largest holding. Check Capital Management Inc. CA owned about 0.18% of Brookfield worth $121,406,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. TIAA FSB bought a new position in Brookfield in the fourth quarter valued at $799,000. Triasima Portfolio Management inc. bought a new position in Brookfield in the fourth quarter valued at $37,672,000. Victory Capital Management Inc. bought a new position in Brookfield in the fourth quarter valued at $1,548,000. American Century Companies Inc. bought a new position in Brookfield in the fourth quarter valued at $1,483,000. Finally, Barclays PLC bought a new position in Brookfield in the fourth quarter valued at $748,000. Institutional investors own 61.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on BN. Scotiabank increased their price target on shares of Brookfield from $49.00 to $50.00 and gave the company a “sector outperform” rating in a research note on Friday, February 9th. TD Securities raised their target price on shares of Brookfield from $61.00 to $62.00 and gave the stock an “action list buy” rating in a research note on Sunday, February 11th. BMO Capital Markets raised their target price on shares of Brookfield from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. CIBC raised their target price on shares of Brookfield from $46.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Finally, TheStreet upgraded shares of Brookfield from a “c” rating to a “b” rating in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.45.

Brookfield Trading Up 1.1 %

BN traded up $0.41 during trading on Friday, reaching $38.99. 2,050,802 shares of the company’s stock were exchanged, compared to its average volume of 2,747,767. Brookfield Co. has a one year low of $28.84 and a one year high of $43.17. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $64.02 billion, a PE ratio of 62.21 and a beta of 1.49. The firm has a fifty day moving average price of $40.81 and a two-hundred day moving average price of $37.55.

Brookfield (NYSE:BN) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.14. The firm had revenue of $24.52 billion for the quarter, compared to the consensus estimate of $1.15 billion. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.12 EPS. As a group, equities research analysts forecast that Brookfield Co. will post 3.75 earnings per share for the current fiscal year.

Brookfield Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.82%. This is a positive change from Brookfield’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Tuesday, March 12th. Brookfield’s dividend payout ratio (DPR) is 51.61%.

Insider Activity

In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $11.33, for a total value of $11,330,000.00. Following the completion of the sale, the director now owns 15,492,168 shares in the company, valued at $175,526,263.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 11.00% of the stock is currently owned by corporate insiders.

Brookfield Company 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.