Moerus Capital Management LLC decreased its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 12.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 157,151 shares of the company's stock after selling 23,126 shares during the period. Brookfield makes up 3.3% of Moerus Capital Management LLC's investment portfolio, making the stock its 8th largest holding. Moerus Capital Management LLC's holdings in Brookfield were worth $9,028,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of BN. Compass Planning Associates Inc bought a new stake in Brookfield during the fourth quarter worth about $30,000. Prestige Wealth Management Group LLC increased its position in Brookfield by 137.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company's stock valued at $46,000 after buying an additional 500 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Brookfield during the fourth quarter valued at $48,000. Continuum Advisory LLC bought a new stake in Brookfield in the third quarter worth $55,000. Finally, Promus Capital LLC purchased a new stake in shares of Brookfield in the fourth quarter worth $55,000. Hedge funds and other institutional investors own 61.60% of the company's stock.
Brookfield Stock Performance
Shares of BN traded up $1.00 during trading hours on Friday, hitting $47.93. The stock had a trading volume of 2,295,501 shares, compared to its average volume of 2,848,057. Brookfield Co. has a 12 month low of $38.18 and a 12 month high of $62.78. The stock has a fifty day moving average price of $54.41 and a 200 day moving average price of $56.05. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The firm has a market capitalization of $78.93 billion, a PE ratio of 159.88 and a beta of 1.60.
Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.88 by $0.13. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. Analysts anticipate that Brookfield Co. will post 3.85 EPS for the current year.
Brookfield Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.75%. Brookfield's dividend payout ratio is currently 120.00%.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the stock. CIBC upped their price target on shares of Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a research note on Thursday, January 23rd. Morgan Stanley assumed coverage on shares of Brookfield in a report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 price target on the stock. Scotiabank decreased their price objective on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a report on Monday. Finally, TD Securities increased their target price on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $63.63.
Read Our Latest Analysis on BN
Brookfield Profile
(
Free Report)
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.
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