J. Safra Sarasin Holding AG Sells 12,865 Shares of Brookfield Co. (NYSE:BN)

J. Safra Sarasin Holding AG reduced its stake in Brookfield Co. (NYSE:BN - Free Report) by 21.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 46,751 shares of the company's stock after selling 12,865 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Brookfield were worth $2,686,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Transce3nd LLC purchased a new position in Brookfield in the fourth quarter valued at about $51,000. Mirabella Financial Services LLP purchased a new position in shares of Brookfield in the fourth quarter worth about $1,108,000. Natixis lifted its stake in shares of Brookfield by 138.2% during the 4th quarter. Natixis now owns 25,519 shares of the company's stock valued at $1,466,000 after buying an additional 14,804 shares in the last quarter. Capital World Investors grew its stake in Brookfield by 3.1% in the 4th quarter. Capital World Investors now owns 59,020,303 shares of the company's stock valued at $3,390,786,000 after buying an additional 1,782,034 shares in the last quarter. Finally, Carbahal Olsen Financial Services Group LLC bought a new position in shares of Brookfield in the fourth quarter worth $438,000. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Stock Up 0.8 %

NYSE:BN traded up $0.41 during trading hours on Friday, reaching $53.33. 2,976,436 shares of the company traded hands, compared to its average volume of 2,813,345. Brookfield Co. has a 1 year low of $39.27 and a 1 year high of $62.78. The stock has a market capitalization of $87.82 billion, a P/E ratio of 177.77 and a beta of 1.60. The business's 50-day moving average price is $52.43 and its two-hundred day moving average price is $55.81. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40.

Brookfield (NYSE:BN - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, topping 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 predict that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.68%. Brookfield's payout ratio is 120.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BN. Scotiabank decreased their price target on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 7th. JPMorgan Chase & Co. decreased their price target on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Morgan Stanley dropped their price objective on Brookfield from $83.00 to $61.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. TD Securities lifted their price objective on shares of Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Finally, CIBC lifted 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. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $62.88.

Brookfield Company 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.