Bristol Gate Capital Partners Inc. Sells 6,197 Shares of Brookfield Co. (NYSE:BN)

Bristol Gate Capital Partners Inc. lessened its holdings in shares of Brookfield Co. (NYSE:BN - Free Report) by 22.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,627 shares of the company's stock after selling 6,197 shares during the period. Brookfield comprises approximately 0.1% of Bristol Gate Capital Partners Inc.'s holdings, making the stock its 24th largest holding. Bristol Gate Capital Partners Inc.'s holdings in Brookfield were worth $1,242,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. HighTower Advisors LLC lifted its position in shares of Brookfield by 1.0% in the 3rd quarter. HighTower Advisors LLC now owns 199,096 shares of the company's stock worth $10,577,000 after purchasing an additional 1,971 shares during the period. Janus Henderson Group PLC lifted its holdings in Brookfield by 2.1% in the third quarter. Janus Henderson Group PLC now owns 273,556 shares of the company's stock worth $14,536,000 after buying an additional 5,532 shares during the period. IHT Wealth Management LLC boosted its position in Brookfield by 20.9% during the 3rd quarter. IHT Wealth Management LLC now owns 11,044 shares of the company's stock valued at $593,000 after acquiring an additional 1,908 shares in the last quarter. Quantinno Capital Management LP grew its holdings in shares of 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 during the period. Finally, Wellington Management Group LLP raised its position in shares of Brookfield by 2.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,170,931 shares of the company's stock worth $62,240,000 after acquiring an additional 30,566 shares in the last quarter. Institutional investors own 61.60% of the company's stock.

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Brookfield Stock Up 3.6 %

Shares of BN traded up $1.67 on Friday, hitting $48.60. 4,065,869 shares of the stock traded hands, compared to its average volume of 2,825,629. The company has a market capitalization of $80.03 billion, a PE ratio of 162.01 and a beta of 1.60. 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 quick ratio of 1.09 and a current ratio of 1.21. The business has a 50 day simple moving average of $54.22 and a 200 day simple moving average of $56.03.

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

Brookfield Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Friday, March 14th. Brookfield's payout ratio is presently 120.00%.

Analyst Upgrades and Downgrades

BN has been the topic of several research reports. CIBC lifted their price target on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research report on Thursday, January 23rd. TD Securities boosted their price objective on shares of Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Morgan Stanley began coverage on shares of Brookfield in a research note on Thursday, January 23rd. They set an "overweight" rating and a $80.00 target price for the company. Finally, 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 report on Monday, April 7th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Brookfield currently has a consensus rating of "Moderate Buy" and an average target price of $63.63.

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.