Ossiam lowered its stake in Brookfield Co. (NYSE:BN - Free Report) by 20.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,562 shares of the company's stock after selling 29,124 shares during the period. Ossiam's holdings in Brookfield were worth $6,524,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Compass Planning Associates Inc bought a new stake in Brookfield during the 4th quarter worth approximately $30,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Brookfield in the fourth quarter worth $48,000. Promus Capital LLC bought a new position in Brookfield during the 4th quarter worth $55,000. Pinnacle Bancorp Inc. lifted its holdings in Brookfield by 29.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock worth $56,000 after buying an additional 221 shares during the period. Finally, Albion Financial Group UT bought a new stake in shares of Brookfield in the 4th quarter valued at about $57,000. Institutional investors own 61.60% of the company's stock.
Brookfield Stock Up 0.3 %
Shares of Brookfield stock traded up $0.17 during trading hours on Friday, reaching $53.09. The company's stock had a trading volume of 1,822,874 shares, compared to its average volume of 2,809,444. The company has a market capitalization of $87.42 billion, a P/E ratio of 177.37 and a beta of 1.60. The stock's fifty day simple moving average is $52.43 and its two-hundred day simple moving average is $55.81. Brookfield Co. has a one year low of $39.27 and a one year high of $62.78. 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 (NYSE:BN - Get Free Report) last released its quarterly 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 return on equity of 3.93% and a net margin of 0.75%. On average, research analysts forecast that Brookfield Co. will post 3.85 earnings per share for the current year.
Brookfield Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.68%. The ex-dividend date was Friday, March 14th. Brookfield's dividend payout ratio (DPR) is presently 120.00%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. Morgan Stanley lowered their price objective on Brookfield from $83.00 to $61.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. reduced their price objective on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Scotiabank lowered 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. CIBC upped their price target 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. Finally, TD Securities lifted their price objective on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $62.88.
Get Our Latest Stock Report on Brookfield
About Brookfield
(
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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