Fenimore Asset Management Inc lowered its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 0.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,597,502 shares of the company's stock after selling 6,051 shares during the quarter. Brookfield accounts for 2.9% of Fenimore Asset Management Inc's investment portfolio, making the stock its 12th largest holding. Fenimore Asset Management Inc owned 0.16% of Brookfield worth $136,135,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Brookfield by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 59,904,458 shares of the company's stock valued at $3,443,129,000 after purchasing an additional 974,533 shares during the period. Capital World Investors boosted its position in Brookfield by 3.1% during the fourth quarter. Capital World Investors now owns 59,020,303 shares of the company's stock worth $3,390,786,000 after purchasing an additional 1,782,034 shares during the period. FIL Ltd grew its position in shares of Brookfield by 8.8% in the fourth quarter. FIL Ltd now owns 20,354,516 shares of the company's stock valued at $1,169,912,000 after purchasing an additional 1,640,903 shares in the last quarter. Norges Bank bought a new position in Brookfield in the 4th quarter valued at $973,591,000. Finally, CIBC Asset Management Inc raised its holdings in shares of Brookfield by 6.2% in the 4th quarter. CIBC Asset Management Inc now owns 14,178,133 shares of the company's stock valued at $814,585,000 after acquiring an additional 823,428 shares in the last quarter. Institutional investors own 61.60% of the company's stock.
Brookfield Price Performance
BN opened at $58.88 on Monday. The stock's 50 day simple moving average is $54.00 and its 200 day simple moving average is $56.21. 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 Co. has a 1 year low of $39.97 and a 1 year high of $62.78. The firm has a market cap of $97.01 billion, a price-to-earnings ratio of 196.27 and a beta of 1.66.
Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.08. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. The business had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.36 billion. As a group, analysts predict that Brookfield Co. will post 3.85 earnings per share for the current year.
Brookfield Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Friday, June 13th. Brookfield's dividend payout ratio (DPR) is currently 128.57%.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on BN. Morgan Stanley reiterated an "overweight" rating on shares of Brookfield in a research report on Monday, May 19th. Scotiabank reduced their price objective on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 7th. 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 report on Thursday, April 17th. CIBC reduced their price objective on Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a research report on Friday, May 9th. Finally, TD Securities reduced their price objective on Brookfield from $77.00 to $74.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.00.
Check Out Our Latest Report 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.
Read More
Want to see what other hedge funds are holding BN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Co. (NYSE:BN - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Brookfield, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brookfield wasn't on the list.
While Brookfield currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
