Capital International Inc. CA Reduces Stake in Brookfield Co. (NYSE:BN)

Capital International Inc. CA lessened its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 13.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 52,828 shares of the company's stock after selling 8,151 shares during the period. Capital International Inc. CA's holdings in Brookfield were worth $3,035,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BN. Forsta AP Fonden lifted its holdings in shares of Brookfield by 4.9% in the 4th quarter. Forsta AP Fonden now owns 287,200 shares of the company's stock worth $16,499,000 after purchasing an additional 13,300 shares in the last quarter. Chemistry Wealth Management LLC lifted its stake in shares of Brookfield by 10.1% in the fourth quarter. Chemistry Wealth Management LLC now owns 252,597 shares of the company's stock valued at $14,512,000 after buying an additional 23,159 shares in the last quarter. Triangle Securities Wealth Management grew its holdings in shares of Brookfield by 11.2% during the fourth quarter. Triangle Securities Wealth Management now owns 90,137 shares of the company's stock valued at $5,178,000 after buying an additional 9,048 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Brookfield by 19.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 68,583 shares of the company's stock worth $3,940,000 after acquiring an additional 11,136 shares in the last quarter. Finally, Guerra Pan Advisors LLC acquired a new stake in shares of Brookfield in the 4th quarter worth about $321,000. 61.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on BN. Morgan Stanley decreased their price objective on Brookfield from $83.00 to $61.00 and set an "overweight" rating for the company in a report on Monday, April 14th. CIBC upped their price target on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price objective on Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Scotiabank reduced their target price on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a research note on Monday, April 7th. Finally, TD Securities raised their price target on shares of Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Brookfield currently has an average rating of "Moderate Buy" and a consensus price target of $62.88.

Brookfield Stock Performance

Shares of BN stock traded up $0.41 during trading hours on Friday, hitting $53.33. 2,932,799 shares of the company were exchanged, compared to its average volume of 2,813,343. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $87.82 billion, a price-to-earnings ratio of 177.77 and a beta of 1.60. The firm has a fifty day simple moving average of $52.43 and a 200 day simple moving average of $55.81. Brookfield Co. has a 52-week low of $39.27 and a 52-week high of $62.78.

Brookfield (NYSE:BN - Get Free Report) last released its 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 return on equity of 3.93% and a net margin of 0.75%. Research analysts predict that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield's dividend payout ratio (DPR) is currently 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.