Templeton & Phillips Capital Management LLC lessened its position in Brookfield Co. (NYSE:BN - Free Report) by 86.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,777 shares of the company's stock after selling 30,901 shares during the quarter. Templeton & Phillips Capital Management LLC's holdings in Brookfield were worth $274,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Brookfield by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 59,904,458 shares of the company's stock worth $3,443,129,000 after acquiring an additional 974,533 shares in the last quarter. CIBC Asset Management Inc grew its stake in Brookfield by 6.2% during the 4th quarter. CIBC Asset Management Inc now owns 14,178,133 shares of the company's stock worth $814,585,000 after purchasing an additional 823,428 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Brookfield by 31.6% during 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. boosted its stake in shares of Brookfield by 1.7% in the 3rd 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 period. Finally, Toronto Dominion Bank grew its position in shares of Brookfield by 23.4% during the third quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company's stock worth $364,152,000 after buying an additional 1,301,072 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company's stock.
Brookfield Stock Performance
Shares of BN traded up $0.02 during midday trading on Tuesday, reaching $55.37. 2,316,019 shares of the stock were exchanged, compared to its average volume of 2,535,341. Brookfield Co. has a twelve month low of $38.18 and a twelve month high of $62.78. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The company has a market capitalization of $91.18 billion, a price-to-earnings ratio of 184.57 and a beta of 1.65. The business's 50-day moving average price is $57.08 and its 200 day moving average price is $56.15.
Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. On average, sell-side analysts expect that Brookfield Co. will post 3.85 EPS for the current fiscal year.
Brookfield Announces Dividend
The firm 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 dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Friday, March 14th. Brookfield's dividend payout ratio is currently 120.00%.
Analyst Upgrades and Downgrades
Several research analysts have commented 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. Scotiabank increased their target price on Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a report on Monday, February 3rd. TD Securities lifted their price target on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. 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 on the stock. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Brookfield presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.00.
Read Our Latest Research Report on BN
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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