Novo Holdings A S Has $160.79 Million Stock Position in Brookfield Co. (NYSE:BN)

Novo Holdings A S reduced its holdings in Brookfield Co. (NYSE:BN - Free Report) by 19.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,798,830 shares of the company's stock after selling 692,400 shares during the quarter. Brookfield makes up 9.7% of Novo Holdings A S's portfolio, making the stock its 2nd biggest position. Novo Holdings A S owned approximately 0.17% of Brookfield worth $160,793,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of BN. Davidson Kahn Capital Management LLC purchased a new stake in shares of Brookfield during the fourth quarter valued at $2,936,000. Third Point LLC raised its stake in Brookfield by 5.6% during the 4th quarter. Third Point LLC now owns 4,990,000 shares of the company's stock valued at $286,676,000 after purchasing an additional 265,000 shares during the period. Lido Advisors LLC lifted its holdings in shares of Brookfield by 3.7% in the fourth quarter. Lido Advisors LLC now owns 17,143 shares of the company's stock valued at $985,000 after purchasing an additional 619 shares in the last quarter. Northern Trust Corp raised its position in Brookfield by 45.6% during the fourth quarter. Northern Trust Corp now owns 1,430,941 shares of the company's stock valued at $82,208,000 after buying an additional 448,113 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in Brookfield by 1.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 11,866,447 shares of the company's stock worth $682,497,000 after acquiring an additional 129,735 shares during the period. Institutional investors and hedge funds own 61.60% of the company's stock.

Brookfield Trading Down 0.2 %

NYSE BN traded down $0.14 during mid-day trading on Tuesday, reaching $54.51. 1,056,174 shares of the stock were exchanged, compared to its average volume of 2,753,781. 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 stock has a market cap of $89.79 billion, a P/E ratio of 181.63 and a beta of 1.64. The stock has a 50 day simple moving average of $51.72 and a 200-day simple moving average of $55.84. Brookfield Co. has a one year low of $39.97 and a one year high of $62.78.

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

Brookfield Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.09 per share. The ex-dividend date was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.66%. Brookfield's dividend payout ratio (DPR) is presently 120.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. CIBC lifted their price objective on shares of Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research note on Thursday, January 23rd. TD Securities decreased their target price on Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a research report on Monday. JPMorgan Chase & Co. reduced their price objective on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Scotiabank dropped their target price on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a report on Monday, April 7th. Finally, Morgan Stanley decreased their target price on Brookfield from $83.00 to $61.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. One research analyst has 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, Brookfield currently has a consensus rating of "Moderate Buy" and an average price target of $62.75.

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.