Partners Capital Investment Group LLP Sells 39,057 Shares of Brookfield Co. (NYSE:BN)

Partners Capital Investment Group LLP reduced its stake in Brookfield Co. (NYSE:BN - Free Report) by 31.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,639 shares of the company's stock after selling 39,057 shares during the period. Partners Capital Investment Group LLP's holdings in Brookfield were worth $4,977,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BN. First Personal Financial Services bought a new stake in shares of Brookfield during the third quarter worth about $42,000. FSA Wealth Management LLC bought a new stake in shares of Brookfield during the third quarter worth about $42,000. Prestige Wealth Management Group LLC increased its position in shares of Brookfield by 137.0% during the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company's stock worth $46,000 after acquiring an additional 500 shares in the last quarter. Continuum Advisory LLC bought a new stake in shares of Brookfield during the third quarter worth about $55,000. Finally, Pinnacle Bancorp Inc. increased its position in shares of Brookfield by 29.5% during the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock worth $56,000 after acquiring an additional 221 shares in the last quarter. 61.60% of the stock is owned by institutional investors.

Brookfield Price Performance

Shares of NYSE BN traded down $0.52 during mid-day trading on Thursday, reaching $60.00. 1,397,335 shares of the company were exchanged, compared to its average volume of 2,220,346. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.78. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $98.76 billion, a PE ratio of 199.99 and a beta of 1.57. The company's 50 day moving average price is $58.54 and its 200 day moving average price is $54.89.

Brookfield (NYSE:BN - Get Free Report) last issued its 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%. Sell-side analysts forecast that Brookfield Co. will post 3.9 earnings per share for the current fiscal year.

Brookfield Announces Dividend

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 given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield's dividend payout ratio is currently 106.67%.

Analyst Ratings Changes

Several research firms recently weighed in on BN. Morgan Stanley began coverage on shares of Brookfield in a report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 price target on the stock. CIBC boosted their price target on shares of Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a report on Thursday, January 23rd. BMO Capital Markets restated an "outperform" rating and set a $62.00 price target (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. TD Securities boosted their price target on shares of Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Finally, Scotiabank boosted their price target on shares of Brookfield from $69.00 to $71.00 and gave the stock a "sector outperform" rating in a report on Monday, February 3rd. 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 presently has a consensus rating of "Moderate Buy" and an average target price of $64.00.

Brookfield 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.