Check Capital Management Inc. CA Raises Stock Position in Brookfield Corporation $BN

Check Capital Management Inc. CA grew its holdings in Brookfield Corporation (NYSE:BN) by 49.8% during the 4th quarter, Holdings Channel reports. The firm owned 4,388,968 shares of the company’s stock after purchasing an additional 1,459,800 shares during the period. Brookfield makes up approximately 5.9% of Check Capital Management Inc. CA’s portfolio, making the stock its 3rd biggest position. Check Capital Management Inc. CA’s holdings in Brookfield were worth $201,410,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Global Retirement Partners LLC boosted its stake in shares of Brookfield by 52.1% in the 4th quarter. Global Retirement Partners LLC now owns 10,817 shares of the company’s stock valued at $496,000 after purchasing an additional 3,706 shares during the last quarter. Callahan Advisors LLC boosted its stake in shares of Brookfield by 47.8% in the 4th quarter. Callahan Advisors LLC now owns 703,895 shares of the company’s stock valued at $32,302,000 after purchasing an additional 227,739 shares during the last quarter. Griffin Asset Management Inc. boosted its stake in shares of Brookfield by 50.1% in the 4th quarter. Griffin Asset Management Inc. now owns 8,410 shares of the company’s stock valued at $386,000 after purchasing an additional 2,807 shares during the last quarter. Prescott Group Capital Management L.L.C. boosted its stake in shares of Brookfield by 50.0% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 90,000 shares of the company’s stock valued at $4,130,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Burling Wealth Partners LLC boosted its stake in shares of Brookfield by 34.5% in the 4th quarter. Burling Wealth Partners LLC now owns 11,412 shares of the company’s stock valued at $524,000 after purchasing an additional 2,925 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Price Performance

NYSE BN opened at $45.34 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54. Brookfield Corporation has a 12-month low of $37.54 and a 12-month high of $49.56. The company has a market capitalization of $111.11 billion, a PE ratio of 88.90 and a beta of 1.55. The firm’s 50 day moving average is $42.98 and its 200-day moving average is $44.89.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.07 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. Brookfield’s dividend payout ratio (DPR) is 54.90%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BN. Wall Street Zen raised shares of Brookfield from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. TD Securities reaffirmed a “buy” rating and issued a $60.00 target price on shares of Brookfield in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on shares of Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. National Bank Financial lifted their price objective on shares of Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Finally, Royal Bank Of Canada reduced their price objective on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $56.82.

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.