Natixis Advisors LLC reduced its holdings in Brookfield Co. (NYSE:BN - Free Report) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 452,684 shares of the company's stock after selling 24,043 shares during the period. Natixis Advisors LLC's holdings in Brookfield were worth $26,007,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans acquired a new position in Brookfield in the third quarter valued at about $223,000. Jackson Hill Advisors LLC lifted its holdings in shares of Brookfield by 8.9% during the 3rd quarter. Jackson Hill Advisors LLC now owns 501,000 shares of the company's stock valued at $26,628,000 after purchasing an additional 41,000 shares in the last quarter. Pathstone Holdings LLC grew its position in shares of Brookfield by 2.0% in the 3rd quarter. Pathstone Holdings LLC now owns 97,293 shares of the company's stock valued at $5,171,000 after purchasing an additional 1,929 shares during the period. Caprock Group LLC increased its stake in Brookfield by 2.5% during the 3rd quarter. Caprock Group LLC now owns 12,332 shares of the company's stock worth $655,000 after purchasing an additional 300 shares in the last quarter. Finally, Verity & Verity LLC acquired a new stake in Brookfield during the 3rd quarter worth approximately $242,000. 61.60% of the stock is owned by institutional investors.
Brookfield Stock Performance
NYSE:BN traded up $1.69 on Wednesday, hitting $53.85. The company's stock had a trading volume of 1,723,126 shares, compared to its average volume of 2,528,309. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78. The firm has a market capitalization of $88.64 billion, a P/E ratio of 179.27 and a beta of 1.65. The stock has a fifty day moving average of $57.28 and a two-hundred day moving average of $55.91. 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 (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, beating 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 year.
Brookfield Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid 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 0.67%. Brookfield's dividend payout ratio (DPR) is currently 120.00%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the stock. TD Securities increased their price objective on shares of Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. CIBC increased their target price on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a report on Thursday, January 23rd. Scotiabank lifted their price target on shares of Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a research note on Monday, February 3rd. Finally, Morgan Stanley initiated coverage on Brookfield in a report on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 price objective for the company. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $64.00.
Read Our Latest Report on Brookfield
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.
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