Sather Financial Group Inc Sells 20,122 Shares of Brookfield Co. (NYSE:BN)

Sather Financial Group Inc reduced its position in Brookfield Co. (NYSE:BN) by 1.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,523,618 shares of the company’s stock after selling 20,122 shares during the period. Brookfield comprises 5.5% of Sather Financial Group Inc’s holdings, making the stock its 5th largest position. Sather Financial Group Inc’s holdings in Brookfield were worth $87,532,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Global Wealth Management Investment Advisory Inc. lifted its stake in shares of Brookfield by 5.1% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 14,922 shares of the company’s stock worth $857,000 after buying an additional 719 shares during the last quarter. Canvas Wealth Advisors LLC acquired a new stake in Brookfield during the fourth quarter worth approximately $205,000. Washburn Capital Management Inc. bought a new stake in shares of Brookfield during the fourth quarter worth approximately $294,000. Kestra Private Wealth Services LLC grew its position in shares of Brookfield by 0.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 86,876 shares of the company’s stock valued at $4,991,000 after purchasing an additional 594 shares during the last quarter. Finally, WCM Investment Management LLC increased its stake in shares of Brookfield by 93.7% during the fourth quarter. WCM Investment Management LLC now owns 58,988 shares of the company’s stock worth $3,383,000 after purchasing an additional 28,541 shares during the period. Institutional investors own 61.60% of the company’s stock.

Brookfield Price Performance

Shares of NYSE:BN opened at $58.67 on Wednesday. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. The company has a market cap of $96.57 billion, a price-to-earnings ratio of 124.84 and a beta of 1.57. The firm has a 50 day simple moving average of $58.46 and a 200 day simple moving average of $54.36.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Monday, December 16th. Brookfield’s dividend payout ratio (DPR) is 68.09%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. CIBC upped their price target on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday, January 23rd. Morgan Stanley started coverage on shares of Brookfield in a research report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective for the company. Scotiabank raised their target price on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a report on Monday, February 3rd. TD Securities upped their price target on shares of Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $62.00 price objective (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

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.