UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $88 Million Holdings in Brookfield Co. (NYSE:BN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in shares of Brookfield Co. (NYSE:BN - Free Report) by 11.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,531,795 shares of the company's stock after selling 207,655 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.09% of Brookfield worth $88,002,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Norges Bank bought a new stake in shares of Brookfield during the 4th quarter worth $973,591,000. Baillie Gifford & Co. increased its stake in Brookfield by 809.5% in the 4th quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company's stock worth $211,159,000 after purchasing an additional 3,271,403 shares in the last quarter. Regents of The University of California acquired a new position in Brookfield in the 4th quarter worth approximately $154,140,000. Geode Capital Management LLC grew its position in Brookfield by 32.0% during the 4th quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company's stock worth $460,489,000 after purchasing an additional 1,930,218 shares in the last quarter. Finally, Capital World Investors lifted its holdings in shares of Brookfield by 3.1% in the fourth 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. Institutional investors and hedge funds own 61.60% of the company's stock.

Brookfield Stock Performance

BN stock traded down $0.49 on Friday, reaching $57.22. 430,221 shares of the company were exchanged, compared to its average volume of 2,719,687. 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 stock's fifty day moving average price is $53.46 and its 200 day moving average price is $56.19. Brookfield Co. has a 12 month low of $39.97 and a 12 month high of $62.78. The firm has a market capitalization of $94.27 billion, a PE ratio of 191.34 and a beta of 1.64.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.08. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. The firm had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.36 billion. On average, research analysts anticipate that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Friday, June 13th. Brookfield's dividend payout ratio (DPR) is currently 128.57%.

Analysts Set New Price Targets

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