QV Investors Inc. Decreases Stock Holdings in Brookfield Co. (NYSE:BN)

QV Investors Inc. trimmed its holdings in Brookfield Co. (NYSE:BN - Free Report) by 1.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 374,397 shares of the company's stock after selling 6,504 shares during the quarter. Brookfield comprises approximately 2.0% of QV Investors Inc.'s portfolio, making the stock its 14th biggest position. QV Investors Inc.'s holdings in Brookfield were worth $19,591,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC grew its holdings in shares of Brookfield by 521.1% during the third quarter. Barclays PLC now owns 71,402 shares of the company's stock worth $3,794,000 after purchasing an additional 59,906 shares during the last quarter. Blue Trust Inc. grew its stake in Brookfield by 21.0% during the 4th quarter. Blue Trust Inc. now owns 2,375 shares of the company's stock worth $126,000 after buying an additional 412 shares during the last quarter. Mediolanum International Funds Ltd acquired a new position in Brookfield during the fourth quarter worth approximately $357,000. Caprock Group LLC lifted its stake in Brookfield by 41.6% in the fourth quarter. Caprock Group LLC now owns 17,466 shares of the company's stock valued at $1,003,000 after buying an additional 5,134 shares during the last quarter. Finally, Spire Wealth Management acquired a new stake in shares of Brookfield in the fourth quarter valued at approximately $116,000. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Stock Performance

Shares of Brookfield stock traded up $0.42 on Tuesday, reaching $58.24. 1,188,354 shares of the stock were exchanged, compared to its average volume of 2,713,951. The firm has a market capitalization of $95.95 billion, a PE ratio of 194.14 and a beta of 1.64. Brookfield Co. has a 1-year low of $39.97 and a 1-year high of $62.78. The business has a fifty day moving average price of $53.58 and a two-hundred day moving average price of $56.17. 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 data 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. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. As a group, research analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Friday, June 13th. Brookfield's dividend payout ratio is presently 128.57%.

Wall Street Analyst Weigh In

BN has been the subject of several research reports. Scotiabank reduced their price target 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. Wall Street Zen downgraded shares of Brookfield from a "hold" rating to a "sell" rating in a research note on Saturday. Morgan Stanley reissued an "overweight" rating on shares of Brookfield in a report on Monday, May 19th. 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. Finally, CIBC decreased their price objective on Brookfield from $74.00 to $72.00 and set an "outperformer" rating for the company in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $63.00.

About Brookfield

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.