Brookfield Co. (NYSE:BN) is Sather Financial Group Inc’s 6th Largest Position

Sather Financial Group Inc increased its position in Brookfield Co. (NYSE:BN) by 9.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,539,101 shares of the company’s stock after buying an additional 137,313 shares during the quarter. Brookfield comprises about 4.4% of Sather Financial Group Inc’s investment portfolio, making the stock its 6th biggest position. Sather Financial Group Inc owned 0.09% of Brookfield worth $63,934,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Brookfield by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 57,480,308 shares of the company’s stock valued at $2,406,700,000 after acquiring an additional 1,063,110 shares during the period. Capital World Investors lifted its stake in shares of Brookfield by 5.1% during the first quarter. Capital World Investors now owns 51,922,031 shares of the company’s stock worth $2,173,923,000 after purchasing an additional 2,497,509 shares in the last quarter. TD Asset Management Inc boosted its position in shares of Brookfield by 16.2% in the fourth quarter. TD Asset Management Inc now owns 26,542,983 shares of the company’s stock worth $1,069,892,000 after buying an additional 3,702,266 shares during the period. 1832 Asset Management L.P. boosted its position in shares of Brookfield by 1.3% in the first quarter. 1832 Asset Management L.P. now owns 22,605,567 shares of the company’s stock worth $946,495,000 after buying an additional 299,029 shares during the period. Finally, CIBC Asset Management Inc grew its stake in shares of Brookfield by 7.3% in the fourth quarter. CIBC Asset Management Inc now owns 16,187,795 shares of the company’s stock valued at $651,399,000 after buying an additional 1,098,854 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Up 4.2 %

NYSE:BN traded up $2.00 during mid-day trading on Friday, reaching $49.11. The stock had a trading volume of 1,724,519 shares, compared to its average volume of 3,116,510. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 1.02. The company has a market capitalization of $80.72 billion, a price-to-earnings ratio of 80.11 and a beta of 1.52. Brookfield Co. has a 1-year low of $28.84 and a 1-year high of $49.44. The stock’s 50 day simple moving average is $44.52 and its two-hundred day simple moving average is $42.59.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.57. The business had revenue of $23.05 billion for the quarter, compared to analyst estimates of $1.24 billion. Brookfield had a return on equity of 3.15% and a net margin of 1.16%. The business’s revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 EPS. Equities analysts anticipate that Brookfield Co. will post 3.35 EPS for the current year.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, September 12th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, September 12th. Brookfield’s payout ratio is 52.46%.

Insider Transactions at Brookfield

In other Brookfield news, Director Ocm Growth Holdings Llc sold 400,000 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $11.90, for a total value of $4,760,000.00. Following the sale, the director now directly owns 10,779,668 shares in the company, valued at $128,278,049.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BN. Scotiabank upped their price target on Brookfield from $50.50 to $51.25 and gave the stock a “sector outperform” rating in a report on Friday, August 9th. Royal Bank of Canada decreased their target price on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a research note 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 research note on Monday, August 12th. JPMorgan Chase & Co. upped their price objective on shares of Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods lifted their target price on Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $48.88.

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.