Check Capital Management Inc. CA Has $200.88 Million Stock Holdings in Brookfield Corporation $BN

Check Capital Management Inc. CA cut its stake in shares of Brookfield Corporation (NYSE:BN) by 0.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,929,168 shares of the company’s stock after selling 14,423 shares during the quarter. Brookfield comprises approximately 6.6% of Check Capital Management Inc. CA’s investment portfolio, making the stock its 2nd largest holding. Check Capital Management Inc. CA’s holdings in Brookfield were worth $200,882,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BN. Norges Bank bought a new position in shares of Brookfield during the second quarter worth about $1,040,160,000. Lone Pine Capital LLC acquired a new stake in Brookfield during the 2nd quarter valued at approximately $347,683,000. Canada Pension Plan Investment Board increased its position in Brookfield by 132.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 6,540,631 shares of the company’s stock valued at $405,065,000 after purchasing an additional 3,727,628 shares during the period. Picton Mahoney Asset Management bought a new position in Brookfield during the 2nd quarter worth approximately $140,555,000. Finally, Geode Capital Management LLC lifted its position in shares of Brookfield by 19.4% in the 2nd quarter. Geode Capital Management LLC now owns 10,882,122 shares of the company’s stock worth $679,852,000 after purchasing an additional 1,770,378 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets reiterated an “outperform” rating and set a $49.00 price objective (up from $46.00) on shares of Brookfield in a research report on Wednesday, December 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a research report on Monday, December 29th. Zacks Research raised Brookfield from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Brookfield in a research note on Monday, December 1st. Finally, Royal Bank Of Canada set a $58.00 price target on Brookfield and gave the stock an “outperform” rating in a report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $54.70.

Brookfield Trading Up 2.1%

NYSE BN opened at $47.60 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.54. Brookfield Corporation has a 52 week low of $29.07 and a 52 week high of $49.56. The business has a 50 day moving average price of $46.54 and a 200-day moving average price of $45.58. The company has a market cap of $117.89 billion, a price-to-earnings ratio of 132.22 and a beta of 1.57.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. Brookfield had a net margin of 1.34% and a return on equity of 3.92%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. As a group, equities analysts expect that Brookfield Corporation will post 3.85 earnings per share for the current fiscal year.

Brookfield Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This is a boost from Brookfield’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. Brookfield’s payout ratio is presently 66.67%.

Brookfield Profile

Brookfield Corporation (NYSE:BN) is a global alternative asset manager that specializes in real assets. The company invests in and operates businesses across real estate, infrastructure, renewable power and energy, private equity and credit. Its activities span both ownership and active management of physical assets as well as the operation of investment funds and vehicles that provide institutional and retail investors access to long‑lived, cash‑generating assets.

Brookfield’s services include asset management, direct investing, property development and the operation of infrastructure and energy businesses.