Beutel Goodman & Co Ltd. Has $336.67 Million Stake in Brookfield Co. (NYSE:BN)

Beutel Goodman & Co Ltd. decreased its holdings in shares of Brookfield Co. (NYSE:BN - Free Report) by 10.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,860,619 shares of the company's stock after selling 664,279 shares during the quarter. Brookfield makes up about 1.8% of Beutel Goodman & Co Ltd.'s investment portfolio, making the stock its 22nd biggest holding. Beutel Goodman & Co Ltd. owned 0.36% of Brookfield worth $336,673,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Brookfield by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 59,904,458 shares of the company's stock worth $3,443,129,000 after purchasing an additional 974,533 shares in the last quarter. Norges Bank acquired a new position in Brookfield during the fourth quarter worth $973,591,000. CIBC Asset Management Inc raised its position in Brookfield by 6.2% during the fourth quarter. CIBC Asset Management Inc now owns 14,178,133 shares of the company's stock worth $814,585,000 after acquiring an additional 823,428 shares in the last quarter. EdgePoint Investment Group Inc. lifted its stake in Brookfield by 1.7% in the third quarter. EdgePoint Investment Group Inc. now owns 11,512,817 shares of the company's stock valued at $611,383,000 after acquiring an additional 196,790 shares during the last quarter. Finally, Toronto Dominion Bank lifted its stake in Brookfield by 23.4% in the third quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company's stock valued at $364,152,000 after acquiring an additional 1,301,072 shares during the last quarter. Institutional investors own 61.60% of the company's stock.

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Brookfield Price Performance

Shares of BN traded up $0.05 during mid-day trading on Wednesday, reaching $53.85. The company had a trading volume of 1,140,908 shares, compared to its average volume of 2,730,019. The company's 50 day simple moving average is $56.60 and its 200 day simple moving average is $56.33. The company has a market capitalization of $88.67 billion, a price-to-earnings ratio of 179.51 and a beta of 1.65. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.78. 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 announced its quarterly earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. Analysts expect that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Friday, March 14th. Brookfield's dividend payout ratio (DPR) is currently 120.00%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Scotiabank upped 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. CIBC upped their price objective on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research note on Thursday, January 23rd. TD Securities lifted their target price on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Finally, Morgan Stanley assumed coverage on Brookfield in a report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 target price on the stock. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.