UniSuper Management Pty Ltd Has $1.51 Million Stake in Brookfield Co. (NYSE:BN)

UniSuper Management Pty Ltd trimmed its position in Brookfield Co. (NYSE:BN - Free Report) by 19.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,200 shares of the company's stock after selling 6,500 shares during the period. UniSuper Management Pty Ltd's holdings in Brookfield were worth $1,505,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Brookfield by 131.9% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company's stock valued at $24,594,000 after purchasing an additional 263,375 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Brookfield by 10.9% in the 3rd quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company's stock valued at $320,670,000 after acquiring an additional 591,757 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Brookfield in the 3rd quarter valued at about $6,485,000. Forsta AP Fonden increased its position in shares of Brookfield by 4.9% in the fourth quarter. Forsta AP Fonden now owns 287,200 shares of the company's stock valued at $16,499,000 after acquiring an additional 13,300 shares during the last quarter. Finally, Chemistry Wealth Management LLC raised its holdings in Brookfield by 10.1% during the fourth quarter. Chemistry Wealth Management LLC now owns 252,597 shares of the company's stock worth $14,512,000 after acquiring an additional 23,159 shares in the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Brookfield Stock Performance

Shares of NYSE:BN traded down $4.12 on Friday, hitting $46.23. The company had a trading volume of 6,913,040 shares, compared to its average volume of 2,771,423. The stock has a market cap of $76.13 billion, a price-to-earnings ratio of 154.12 and a beta of 1.65. The stock has a 50 day moving average price of $56.03 and a 200 day moving average price of $56.24. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.78. 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 announced its quarterly earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, beating 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%. Analysts expect that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.78%. Brookfield's payout ratio is currently 120.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BN shares. TD Securities raised their price target on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. CIBC raised their target price 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 upped their price target on shares of Brookfield from $69.00 to $71.00 and gave the stock a "sector outperform" rating in a research report on Monday, February 3rd. Finally, Morgan Stanley started coverage on shares of Brookfield in a research report on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Brookfield currently has a consensus rating of "Moderate Buy" and a consensus 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.