Legacy Capital Wealth Partners LLC cut its holdings in shares of Brookfield Co. (NYSE:BN - Free Report) by 56.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,994 shares of the company's stock after selling 7,688 shares during the period. Legacy Capital Wealth Partners LLC's holdings in Brookfield were worth $344,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its holdings 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 worth $623,783,000 after purchasing an additional 2,818,716 shares during the period. EdgePoint Investment Group Inc. grew its stake in shares of Brookfield by 1.7% during the third quarter. EdgePoint Investment Group Inc. now owns 11,512,817 shares of the company's stock valued at $611,383,000 after buying an additional 196,790 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of 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 during the last quarter. Geode Capital Management LLC increased its position in shares of Brookfield by 10.9% during the third quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company's stock valued at $320,670,000 after buying an additional 591,757 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Brookfield by 10.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company's stock valued at $189,507,000 after buying an additional 351,231 shares during the period. Institutional investors and hedge funds own 61.60% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. Morgan Stanley began coverage on Brookfield in a research report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 price objective for the company. Scotiabank increased their target price on Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a research report on Monday, February 3rd. BMO Capital Markets reiterated an "outperform" rating and set a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. TD Securities boosted their target price 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. Finally, CIBC lifted their target price on shares of Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Brookfield has an average rating of "Moderate Buy" and a consensus target price of $64.00.
View Our Latest Analysis on Brookfield
Brookfield Price Performance
NYSE BN traded down $0.52 during trading hours on Thursday, reaching $60.00. The company's stock had a trading volume of 1,397,335 shares, compared to its average volume of 2,220,346. The company's 50-day moving average is $58.53 and its two-hundred day moving average is $54.86. The stock has a market cap of $98.76 billion, a PE ratio of 199.99 and a beta of 1.57. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21. Brookfield Co. has a fifty-two week low of $38.18 and a fifty-two week high of $62.78.
Brookfield (NYSE:BN - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, topping 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%. Analysts forecast that Brookfield Co. will post 3.9 EPS for the current year.
Brookfield Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.60%. Brookfield's payout ratio is 106.67%.
Brookfield Company Profile
(
Free Report)
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.
Featured Articles
Before you consider Brookfield, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brookfield wasn't on the list.
While Brookfield currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
