Aviva PLC Reduces Stock Position in Brookfield Co. (NYSE:BN)

Aviva PLC cut its position in Brookfield Co. (NYSE:BN - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 911,197 shares of the company's stock after selling 17,085 shares during the period. Aviva PLC owned 0.06% of Brookfield worth $52,267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Thrivent Financial for Lutherans acquired a new position in Brookfield in the third quarter valued at approximately $223,000. HighTower Advisors LLC lifted its position in shares of Brookfield by 1.0% during the 3rd quarter. HighTower Advisors LLC now owns 199,096 shares of the company's stock worth $10,577,000 after buying an additional 1,971 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Brookfield by 2.1% in the 3rd quarter. Janus Henderson Group PLC now owns 273,556 shares of the company's stock valued at $14,536,000 after buying an additional 5,532 shares during the last quarter. IHT Wealth Management LLC grew its position in shares of Brookfield by 20.9% in the 3rd quarter. IHT Wealth Management LLC now owns 11,044 shares of the company's stock valued at $593,000 after buying an additional 1,908 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in Brookfield by 49.1% during the 3rd quarter. Quantinno Capital Management LP now owns 26,783 shares of the company's stock worth $1,424,000 after acquiring an additional 8,814 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analyst Ratings Changes

Several equities analysts have issued reports on the company. CIBC raised their price objective on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a report on Thursday, January 23rd. Scotiabank dropped their price target on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research note on Monday. TD Securities boosted their price objective on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, Morgan Stanley began coverage on Brookfield in a report on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 price objective for the company. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $63.63.

Brookfield Stock Performance

Brookfield stock traded up $1.31 during mid-day trading on Friday, reaching $48.24. 1,952,152 shares of the company were exchanged, compared to its average volume of 2,847,017. The firm's 50-day simple moving average is $54.41 and its two-hundred day simple moving average is $56.05. Brookfield Co. has a twelve month low of $38.18 and a twelve month high of $62.78. The firm has a market cap of $79.44 billion, a PE ratio of 160.16 and a beta of 1.60. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21.

Brookfield (NYSE:BN - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.13. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. Equities analysts predict that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.09 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.75%. Brookfield's dividend payout ratio (DPR) is presently 120.00%.

Brookfield Profile

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.