Check Capital Management Inc. CA Has $161.30 Million Position in Brookfield Co. (NYSE:BN)

Check Capital Management Inc. CA lowered its holdings in shares of Brookfield Co. (NYSE:BN - Free Report) by 0.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,034,784 shares of the company's stock after selling 16,103 shares during the period. Brookfield accounts for 5.0% of Check Capital Management Inc. CA's investment portfolio, making the stock its 2nd largest holding. Check Capital Management Inc. CA owned 0.18% of Brookfield worth $161,299,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. M&G Plc acquired a new stake in shares of Brookfield in the first quarter valued at about $111,222,000. Cetera Investment Advisers lifted its stake in shares of Brookfield by 1,022.6% in the first quarter. Cetera Investment Advisers now owns 272,807 shares of the company's stock valued at $11,427,000 after purchasing an additional 248,506 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Brookfield by 324.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 105,678 shares of the company's stock valued at $4,390,000 after purchasing an additional 80,762 shares during the period. Callan Family Office LLC acquired a new stake in shares of Brookfield in the second quarter valued at about $446,000. Finally, Acadian Asset Management LLC lifted its stake in shares of Brookfield by 352.5% in the first quarter. Acadian Asset Management LLC now owns 196,670 shares of the company's stock valued at $8,232,000 after purchasing an additional 153,205 shares during the period. Institutional investors and hedge funds own 61.60% of the company's stock.

Brookfield Stock Down 1.7 %

Shares of BN traded down $1.01 during trading hours on Friday, reaching $56.79. The company's stock had a trading volume of 2,406,427 shares, compared to its average volume of 2,786,896. The firm has a market cap of $93.52 billion, a price-to-earnings ratio of 120.53 and a beta of 1.53. Brookfield Co. has a 1-year low of $33.61 and a 1-year high of $60.20. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 1.39. The company has a 50 day moving average of $53.26 and a two-hundred day moving average of $47.54.

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.56%. Brookfield's payout ratio is currently 68.09%.

Wall Street Analyst Weigh In

BN has been the subject of several recent research reports. Royal Bank of Canada dropped their target price on shares of Brookfield from $57.00 to $56.00 and set an "outperform" rating for the company in a report on Friday, August 9th. TD Securities lifted their price target on shares of Brookfield from $62.00 to $63.00 and gave the stock a "buy" rating in a report on Monday, August 12th. JPMorgan Chase & Co. lifted their price target on shares of Brookfield from $49.00 to $52.00 and gave the stock an "overweight" rating in a report on Wednesday, July 31st. BMO Capital Markets reiterated an "outperform" rating and set a $62.00 price target (up from $50.00) on shares of Brookfield in a report on Friday. Finally, Scotiabank lifted their price target on shares of Brookfield from $65.00 to $69.00 and gave the stock a "sector outperform" rating in a report on Friday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Brookfield presently has an average rating of "Moderate Buy" and a consensus target price of $55.31.

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.