Ruffer LLP Sells 10,000 Shares of Brookfield Co. (NYSE:BN)

Ruffer LLP reduced its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,000 shares of the company's stock after selling 10,000 shares during the period. Ruffer LLP's holdings in Brookfield were worth $5,400,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Compass Planning Associates Inc acquired a new position in Brookfield during the 4th quarter worth about $30,000. First Personal Financial Services purchased a new position in shares of Brookfield during the third quarter worth about $42,000. FSA Wealth Management LLC purchased a new stake in Brookfield in the third quarter valued at approximately $42,000. Prestige Wealth Management Group LLC boosted its stake in Brookfield by 137.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company's stock worth $46,000 after purchasing an additional 500 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Brookfield during the fourth quarter worth about $48,000. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on BN. BMO Capital Markets restated an "outperform" rating and issued a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. TD Securities increased their price target on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. CIBC raised 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. Morgan Stanley initiated coverage on Brookfield in a research report on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 target price for the company. Finally, Scotiabank raised their target price on Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a research note on Monday, February 3rd. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.00.

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Brookfield Stock Performance

BN stock traded down $1.65 during mid-day trading on Thursday, reaching $48.63. The company had a trading volume of 4,657,119 shares, compared to its average volume of 2,526,000. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78. The stock has a market capitalization of $80.05 billion, a P/E ratio of 162.10 and a beta of 1.65. The stock's 50-day simple moving average is $57.82 and its two-hundred day simple moving average is $55.84. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40.

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

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.74%. Brookfield's dividend payout ratio (DPR) is presently 120.00%.

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.