Guardian Capital LP Has $108.19 Million Holdings in Brookfield Co. (NYSE:BN)

Guardian Capital LP lowered its position in Brookfield Co. (NYSE:BN - Free Report) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,883,274 shares of the company's stock after selling 72,761 shares during the quarter. Brookfield accounts for approximately 4.0% of Guardian Capital LP's investment portfolio, making the stock its 4th largest position. Guardian Capital LP owned approximately 0.11% of Brookfield worth $108,188,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in BN. Forsta AP Fonden increased its stake in shares of Brookfield by 4.9% in the fourth quarter. Forsta AP Fonden now owns 287,200 shares of the company's stock valued at $16,499,000 after buying an additional 13,300 shares during the period. Chemistry Wealth Management LLC boosted its holdings in Brookfield by 10.1% in the fourth quarter. Chemistry Wealth Management LLC now owns 252,597 shares of the company's stock valued at $14,512,000 after acquiring an additional 23,159 shares during the last quarter. Triangle Securities Wealth Management increased its position in Brookfield by 11.2% during the 4th quarter. Triangle Securities Wealth Management now owns 90,137 shares of the company's stock valued at $5,178,000 after purchasing an additional 9,048 shares during the period. Janney Montgomery Scott LLC raised its holdings in Brookfield by 19.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 68,583 shares of the company's stock worth $3,940,000 after purchasing an additional 11,136 shares during the last quarter. Finally, Guerra Pan Advisors LLC acquired a new position in shares of Brookfield in the 4th quarter worth approximately $321,000. Institutional investors own 61.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Morgan Stanley lowered their target price on shares of Brookfield from $83.00 to $61.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Scotiabank dropped their price objective on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 7th. TD Securities upped their target price on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. lowered their target price on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, CIBC increased their price target on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Brookfield has a consensus rating of "Moderate Buy" and a consensus price target of $62.88.

Brookfield Stock Up 2.7 %

NYSE:BN traded up $1.44 on Friday, hitting $55.52. The stock had a trading volume of 1,592,284 shares, compared to its average volume of 2,766,403. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. Brookfield Co. has a 52 week low of $39.97 and a 52 week high of $62.78. The business's fifty day moving average is $51.78 and its 200 day moving average is $55.84. The company has a market cap of $91.47 billion, a PE ratio of 185.07 and a beta of 1.60.

Brookfield (NYSE:BN - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. On average, equities research analysts expect that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.65%. The ex-dividend date was Friday, March 14th. Brookfield's payout ratio is presently 120.00%.

Brookfield Company 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.