Brookfield Co. (NYSE:BN) Shares Sold by Check Capital Management Inc. CA

Check Capital Management Inc. CA trimmed its position in shares of Brookfield Co. (NYSE:BN - Free Report) by 1.2% during the 4th quarter, according to 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 comprises about 5.1% of Check Capital Management Inc. CA's holdings, making the stock its 2nd biggest holding. Check Capital Management Inc. CA owned 0.18% of Brookfield worth $172,176,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BN. Pinnacle Bancorp Inc. raised its stake in Brookfield by 29.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock valued at $56,000 after buying an additional 221 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Brookfield by 10.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company's stock worth $148,000 after purchasing an additional 245 shares during the period. Joel Isaacson & Co. LLC raised its holdings in Brookfield by 5.3% during the fourth quarter. Joel Isaacson & Co. LLC now owns 5,625 shares of the company's stock valued at $323,000 after acquiring an additional 283 shares during the period. First Trust Direct Indexing L.P. grew its position in shares of Brookfield by 2.9% during the third quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company's stock worth $551,000 after purchasing an additional 292 shares in the last quarter. Finally, Caprock Group LLC boosted its stake in Brookfield by 2.5% in the 3rd quarter. Caprock Group LLC now owns 12,332 shares of the company's stock worth $655,000 after purchasing an additional 300 shares during the period. 61.60% of the stock is currently owned by institutional investors.

Brookfield Stock Down 1.3 %

Shares of BN stock traded down $0.78 during mid-day trading on Wednesday, hitting $60.53. 2,252,248 shares of the stock traded hands, compared to its average volume of 2,246,106. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The stock has a market cap of $99.64 billion, a P/E ratio of 201.76 and a beta of 1.57. The stock's fifty day moving average is $58.53 and its two-hundred day moving average is $54.86. Brookfield Co. has a 52-week low of $38.18 and a 52-week high of $62.78.

Brookfield (NYSE:BN - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. Equities analysts predict that Brookfield Co. will post 3.9 EPS for the current year.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield's dividend payout ratio (DPR) is presently 106.67%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BN. TD Securities lifted their target price on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Scotiabank increased their price target on Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a report on Monday, February 3rd. Morgan Stanley started coverage on Brookfield in a research note on Thursday, January 23rd. They set an "overweight" rating and a $80.00 price target for the company. CIBC boosted their target price on shares of Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research note on Thursday, January 23rd. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $62.00 price target (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $64.00.

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.