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

Check Capital Management Inc. CA lessened its stake in Brookfield Corporation (NYSE:BN) by 0.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 biggest holding. Check Capital Management Inc. CA owned approximately 0.12% of Brookfield worth $200,882,000 as of its most recent SEC filing.

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

Brookfield Trading Up 2.1%

Shares of BN stock opened at $47.60 on Friday. Brookfield Corporation has a twelve month low of $29.07 and a twelve month high of $49.56. The stock’s fifty day simple moving average is $46.54 and its 200 day simple moving average is $45.58. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $117.89 billion, a P/E ratio of 132.22 and a beta of 1.57.

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

Brookfield Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on BN shares. Zacks Research raised Brookfield from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. National Bank Financial boosted their price target on Brookfield from $56.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Morgan Stanley reaffirmed an “overweight” rating and issued a $58.00 price objective on shares of Brookfield in a research note on Tuesday, January 27th. Royal Bank Of Canada set a $58.00 target price on Brookfield and gave the company an “outperform” rating in a research report on Monday, January 26th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Brookfield in a report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $54.70.

About Brookfield

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.