Brookfield Co. (NYSE:BN) Shares Sold by Sather Financial Group Inc

Sather Financial Group Inc reduced its position in Brookfield Co. (NYSE:BN - Free Report) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,523,618 shares of the company's stock after selling 20,122 shares during the quarter. Brookfield comprises approximately 5.5% of Sather Financial Group Inc's investment portfolio, making the stock its 5th biggest holding. Sather Financial Group Inc owned about 0.09% of Brookfield worth $87,532,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Global Wealth Management Investment Advisory Inc. grew its holdings in Brookfield by 5.1% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 14,922 shares of the company's stock worth $857,000 after purchasing an additional 719 shares during the last quarter. Canvas Wealth Advisors LLC purchased a new position in Brookfield in the fourth quarter worth $205,000. Washburn Capital Management Inc. purchased a new position in Brookfield in the fourth quarter worth $294,000. Kestra Private Wealth Services LLC grew its holdings in Brookfield by 0.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 86,876 shares of the company's stock worth $4,991,000 after purchasing an additional 594 shares during the last quarter. Finally, WCM Investment Management LLC grew its holdings in Brookfield by 93.7% in the fourth quarter. WCM Investment Management LLC now owns 58,988 shares of the company's stock worth $3,383,000 after purchasing an additional 28,541 shares during the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Scotiabank lifted their price target on shares of Brookfield from $69.00 to $71.00 and gave the stock a "sector outperform" rating in a report on Monday, February 3rd. TD Securities boosted their price objective on shares of Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday. CIBC boosted their price objective on shares of Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a report on Thursday, January 23rd. BMO Capital Markets reissued an "outperform" rating and set a $62.00 price objective (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. Finally, Morgan Stanley started coverage on shares of Brookfield in a report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 price objective on the stock. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $64.00.

Brookfield Stock Performance

NYSE:BN traded up $0.50 during mid-day trading on Friday, hitting $60.88. The company's stock had a trading volume of 2,339,349 shares, compared to its average volume of 2,124,467. 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 stock has a market cap of $100.20 billion, a price-to-earnings ratio of 129.53 and a beta of 1.57. The business's fifty day moving average is $58.44 and its two-hundred day moving average is $54.57.

Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, beating 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%. Analysts anticipate that Brookfield Co. will post 3.83 EPS for the current fiscal year.

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.59%. Brookfield's dividend payout ratio (DPR) 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.