USS Investment Management Ltd Raises Stock Position in Brookfield Co. (NYSE:BN)

USS Investment Management Ltd boosted its holdings in Brookfield Co. (NYSE:BN - Free Report) by 539.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 214,703 shares of the company's stock after purchasing an additional 181,103 shares during the quarter. USS Investment Management Ltd's holdings in Brookfield were worth $12,322,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BN. Strategic Wealth Partners Ltd. boosted its position in shares of Brookfield by 1.7% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 10,229 shares of the company's stock worth $618,000 after acquiring an additional 170 shares during the last quarter. Haverford Trust Co boosted its holdings in shares of Brookfield by 4.7% during the 4th quarter. Haverford Trust Co now owns 4,308 shares of the company's stock valued at $247,000 after purchasing an additional 192 shares during the last quarter. Orion Portfolio Solutions LLC grew its position in shares of Brookfield by 1.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 16,616 shares of the company's stock valued at $955,000 after purchasing an additional 197 shares in the last quarter. Pittenger & Anderson Inc. increased its holdings in shares of Brookfield by 14.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company's stock worth $90,000 after purchasing an additional 203 shares during the last quarter. Finally, Citizens Financial Group Inc. RI lifted its position in shares of Brookfield by 5.8% in the fourth quarter. Citizens Financial Group Inc. RI now owns 4,350 shares of the company's stock worth $250,000 after buying an additional 240 shares in the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Trading Down 0.1%

Shares of Brookfield stock traded down $0.06 during trading on Monday, hitting $57.12. The stock had a trading volume of 1,528,577 shares, compared to its average volume of 2,734,823. The stock has a market cap of $94.10 billion, a PE ratio of 190.39 and a beta of 1.64. Brookfield Co. has a 12 month low of $39.97 and a 12 month high of $62.78. The firm's fifty day simple moving average is $53.19 and its 200-day simple moving average is $56.17. 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 (NYSE:BN - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.08. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. As a group, 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, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Friday, June 13th. Brookfield's dividend payout ratio is currently 128.57%.

Analyst Upgrades and Downgrades

BN has been the subject of several research analyst reports. CIBC cut their price target on Brookfield from $74.00 to $72.00 and set an "outperformer" rating for the company in a report on Friday, May 9th. Morgan Stanley reissued an "overweight" rating on shares of Brookfield in a report on Monday, May 19th. TD Securities decreased their price target on shares of Brookfield from $77.00 to $74.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Scotiabank lowered their price objective on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a research report on Monday, April 7th. Finally, JPMorgan Chase & Co. reduced their price objective on Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Brookfield presently has an average rating of "Moderate Buy" and a consensus target price of $63.00.

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.