Brookfield Co. (NYSE:BN) Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. cut its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 4.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,578,785 shares of the company's stock after selling 166,570 shares during the period. Brookfield makes up approximately 1.7% of TD Waterhouse Canada Inc.'s holdings, making the stock its 14th largest holding. TD Waterhouse Canada Inc. owned about 0.22% of Brookfield worth $204,601,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Brookfield by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 59,904,458 shares of the company's stock valued at $3,443,129,000 after purchasing an additional 974,533 shares during the last quarter. Capital World Investors raised its position in shares of Brookfield by 3.1% in the 4th quarter. Capital World Investors now owns 59,020,303 shares of the company's stock valued at $3,390,786,000 after purchasing an additional 1,782,034 shares in the last quarter. FIL Ltd boosted its stake in shares of Brookfield by 8.8% during the 4th quarter. FIL Ltd now owns 20,354,516 shares of the company's stock valued at $1,169,912,000 after buying an additional 1,640,903 shares during the last quarter. Norges Bank acquired a new stake in shares of Brookfield during the fourth quarter worth approximately $973,591,000. Finally, CIBC Asset Management Inc increased its stake in shares of Brookfield by 6.2% in the fourth quarter. CIBC Asset Management Inc now owns 14,178,133 shares of the company's stock worth $814,585,000 after buying an additional 823,428 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company's stock.

Brookfield Stock Performance

Shares of NYSE BN traded up $0.41 during mid-day trading on Friday, hitting $53.33. The company had a trading volume of 2,976,234 shares, compared to its average volume of 2,813,344. The stock has a market cap of $87.82 billion, a price-to-earnings ratio of 177.77 and a beta of 1.60. The firm's 50 day simple moving average is $52.43 and its two-hundred day simple moving average is $55.81. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. Brookfield Co. has a 12 month low of $39.27 and a 12 month high of $62.78.

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

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.68%. Brookfield's dividend payout ratio (DPR) is presently 120.00%.

Wall Street Analysts Forecast Growth

BN has been the topic of a number of research analyst reports. CIBC increased their price objective on shares of Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research note on Thursday, January 23rd. Scotiabank decreased their price target on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a research note on Monday, April 7th. Morgan Stanley cut their price objective on Brookfield from $83.00 to $61.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. reduced their target price on Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, TD Securities boosted their price target on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $62.88.

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.