Mcdonald Capital Investors Inc. CA Sells 21,578 Shares of Brookfield Co. (NYSE:BN)

Mcdonald Capital Investors Inc. CA cut its position in Brookfield Co. (NYSE:BN - Free Report) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,023,560 shares of the company's stock after selling 21,578 shares during the quarter. Brookfield makes up 7.3% of Mcdonald Capital Investors Inc. CA's investment portfolio, making the stock its 7th biggest holding. Mcdonald Capital Investors Inc. CA owned about 0.12% of Brookfield worth $116,254,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Baillie Gifford & Co. lifted its position in shares of Brookfield by 809.5% during the 4th quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company's stock valued at $211,159,000 after acquiring an additional 3,271,403 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Brookfield by 31.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company's stock valued at $623,783,000 after acquiring an additional 2,818,716 shares during the period. Regents of The University of California purchased a new stake in Brookfield during the 4th quarter worth $154,140,000. Raymond James Financial Inc. acquired a new stake in shares of Brookfield in the 4th quarter valued at about $82,795,000. Finally, Toronto Dominion Bank grew its stake in Brookfield by 23.4% in the third quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company's stock worth $364,152,000 after purchasing an additional 1,301,072 shares in the last quarter. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

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Brookfield Stock Performance

BN traded down $1.65 on Thursday, hitting $48.63. 4,657,119 shares of the stock traded hands, compared to its average volume of 2,525,999. The business has a fifty day moving average price of $57.82 and a two-hundred day moving average price of $55.84. 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 Co. has a 52 week low of $38.18 and a 52 week high of $62.78. The firm has a market capitalization of $80.05 billion, a PE ratio of 162.10 and a beta of 1.65.

Brookfield (NYSE:BN - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.13. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. On average, research analysts predict that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The business 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 $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield's payout ratio is 120.00%.

Analysts Set New Price Targets

A number of research analysts have commented on BN shares. TD Securities increased their target price on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. Morgan Stanley assumed coverage on shares of Brookfield in a report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 target price on the stock. CIBC lifted their price target on shares of Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a report on Thursday, January 23rd. Finally, Scotiabank increased their price objective on shares of Brookfield from $69.00 to $71.00 and gave the stock a "sector outperform" rating in a research note on Monday, February 3rd. 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, Brookfield presently has a consensus rating of "Moderate Buy" and an average price target of $64.00.

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.