Capital International Inc. CA trimmed its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 13.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,828 shares of the company's stock after selling 8,151 shares during the period. Capital International Inc. CA's holdings in Brookfield were worth $3,035,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Forsta AP Fonden boosted its holdings in shares of Brookfield by 4.9% in the fourth quarter. Forsta AP Fonden now owns 287,200 shares of the company's stock worth $16,499,000 after buying an additional 13,300 shares during the last quarter. Chemistry Wealth Management LLC boosted its stake in shares of Brookfield by 10.1% during the 4th 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 during the last quarter. Triangle Securities Wealth Management increased its stake in shares of Brookfield by 11.2% in the 4th quarter. Triangle Securities Wealth Management now owns 90,137 shares of the company's stock worth $5,178,000 after purchasing an additional 9,048 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Brookfield by 19.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 68,583 shares of the company's stock worth $3,940,000 after purchasing an additional 11,136 shares during the period. Finally, Guerra Pan Advisors LLC purchased a new position in Brookfield during the fourth quarter valued at $321,000. Institutional investors own 61.60% of the company's stock.
Brookfield Trading Up 0.8 %
NYSE BN traded up $0.41 during trading hours on Friday, hitting $53.33. 2,976,436 shares of the company were exchanged, compared to its average volume of 2,815,017. The stock has a market cap of $87.86 billion, a PE ratio of 177.77 and a beta of 1.60. Brookfield Co. has a 52 week low of $39.78 and a 52 week high of $62.78. The stock has a 50-day moving average price of $52.27 and a 200 day moving average price of $55.82. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40.
Brookfield (NYSE:BN - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, topping 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%. Analysts forecast that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.
Brookfield Dividend Announcement
The firm also recently disclosed 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. This represents a $0.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield's payout ratio is currently 120.00%.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on BN. JPMorgan Chase & Co. reduced their price target on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Scotiabank dropped their target price on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a report on Monday, April 7th. TD Securities lifted their target price on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Morgan Stanley dropped their target price on shares of Brookfield from $83.00 to $61.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Finally, CIBC lifted their price target on shares of Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $62.88.
View Our Latest Analysis 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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