Sather Financial Group Inc Has $82.05 Million Holdings in Brookfield Co. (NYSE:BN)

Sather Financial Group Inc boosted its stake in Brookfield Co. (NYSE:BN) by 0.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,543,740 shares of the company’s stock after acquiring an additional 4,639 shares during the quarter. Brookfield makes up about 5.3% of Sather Financial Group Inc’s investment portfolio, making the stock its 5th biggest position. Sather Financial Group Inc’s holdings in Brookfield were worth $82,050,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BN. SG Americas Securities LLC bought a new position in shares of Brookfield during the second quarter valued at $128,321,000. Capital World Investors raised 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 valued at $2,173,923,000 after acquiring an additional 2,497,509 shares during the last quarter. Wulff Hansen & CO. raised its stake in shares of Brookfield by 4,054.0% during the second quarter. Wulff Hansen & CO. now owns 1,542,505 shares of the company’s stock valued at $64,076,000 after acquiring an additional 1,505,372 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Brookfield by 1.9% during the first 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 last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Brookfield by 4,149.3% during the third quarter. Sequoia Financial Advisors LLC now owns 776,346 shares of the company’s stock valued at $41,263,000 after acquiring an additional 758,076 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Trading Down 1.7 %

BN opened at $56.79 on Friday. Brookfield Co. has a 1-year low of $33.61 and a 1-year high of $60.20. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 1.39. The company has a market cap of $93.52 billion, a P/E ratio of 120.83 and a beta of 1.53. The company has a fifty day moving average price of $53.47 and a two-hundred day moving average price of $47.71.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Monday, December 16th. Brookfield’s dividend payout ratio (DPR) is currently 68.09%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. BMO Capital Markets reiterated an “outperform” rating and set a $62.00 price objective (up from $50.00) on shares of Brookfield in a research report on Friday. Keefe, Bruyette & Woods increased their price objective on shares of Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Friday, August 9th. Scotiabank increased their price objective on shares of Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research report on Friday. Finally, Royal Bank of Canada decreased their price objective on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $55.31.

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.