Voloridge Investment Management LLC cut its position in shares of Brookfield Co. (NYSE:BN - Free Report) by 35.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 325,298 shares of the company's stock after selling 176,852 shares during the period. Voloridge Investment Management LLC's holdings in Brookfield were worth $18,688,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in BN. Barclays PLC lifted its holdings in Brookfield by 521.1% during the third quarter. Barclays PLC now owns 71,402 shares of the company's stock valued at $3,794,000 after purchasing an additional 59,906 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Brookfield by 10.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company's stock valued at $148,000 after purchasing an additional 245 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Brookfield by 1.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 54,771 shares of the company's stock valued at $3,147,000 after purchasing an additional 712 shares in the last quarter. Atomi Financial Group Inc. raised its position in shares of Brookfield by 15.5% in the fourth quarter. Atomi Financial Group Inc. now owns 13,999 shares of the company's stock valued at $804,000 after buying an additional 1,875 shares during the last quarter. Finally, Simon Quick Advisors LLC acquired a new stake in shares of Brookfield in the fourth quarter valued at about $449,000. 61.60% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on BN shares. CIBC cut their price objective on shares of Brookfield from $74.00 to $72.00 and set an "outperformer" rating for the company in a research report on Friday, May 9th. JPMorgan Chase & Co. dropped their price target on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Morgan Stanley reiterated an "overweight" rating on shares of Brookfield in a research report on Monday, May 19th. TD Securities dropped their price target 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. Finally, Scotiabank dropped 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. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $63.00.
Get Our Latest Report on Brookfield
Brookfield Trading Down 0.6%
NYSE:BN traded down $0.35 on Wednesday, reaching $57.80. The stock had a trading volume of 623,820 shares, compared to its average volume of 2,720,664. The company has a market cap of $95.23 billion, a price-to-earnings ratio of 192.77 and a beta of 1.64. 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 firm's fifty day moving average is $53.34 and its two-hundred day moving average is $56.18. Brookfield Co. has a 12-month low of $39.97 and a 12-month high of $62.78.
Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.98 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. Equities analysts expect that Brookfield Co. will post 3.85 EPS for the current fiscal year.
Brookfield Announces Dividend
The company 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 $0.09 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.36 dividend on an annualized basis and a yield of 0.62%. Brookfield's dividend payout ratio is currently 128.57%.
Brookfield Company Profile
(
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.
Further Reading
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
