Mariner LLC Sells 7,473 Shares of Brookfield Co. (NYSE:BN)

Mariner LLC reduced its position in Brookfield Co. (NYSE:BN - Free Report) by 3.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 186,644 shares of the company's stock after selling 7,473 shares during the period. Mariner LLC's holdings in Brookfield were worth $10,723,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank bought a new stake in shares of Brookfield during the 4th quarter worth about $973,591,000. Baillie Gifford & Co. boosted its holdings in shares of Brookfield by 809.5% during the fourth quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company's stock worth $211,159,000 after acquiring an additional 3,271,403 shares during the period. Regents of The University of California bought a new stake in shares of Brookfield during the fourth quarter worth approximately $154,140,000. Geode Capital Management LLC grew its position in shares of Brookfield by 32.0% in the fourth quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company's stock valued at $460,489,000 after purchasing an additional 1,930,218 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of Brookfield by 51.9% during the fourth quarter. Bessemer Group Inc. now owns 4,839,267 shares of the company's stock worth $278,016,000 after purchasing an additional 1,652,935 shares during the period. Institutional investors own 61.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BN shares. TD Securities upped their price objective on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Scotiabank decreased their price target on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 7th. Morgan Stanley dropped their price objective 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. CIBC increased their target price on shares of Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a research report on Thursday, January 23rd. Finally, 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. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Brookfield presently has a consensus rating of "Moderate Buy" and an average price target of $62.88.

Brookfield Price Performance

Shares of BN stock traded up $2.37 on Wednesday, reaching $52.42. The company had a trading volume of 1,026,385 shares, compared to its average volume of 2,805,656. The stock has a market capitalization of $86.32 billion, a PE ratio of 174.74 and a beta of 1.60. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. The business's 50-day moving average is $52.79 and its 200 day moving average is $55.84. Brookfield Co. has a one year low of $39.27 and a one year high of $62.78.

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

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.09 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.69%. Brookfield's payout ratio is presently 120.00%.

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.