Mackenzie Financial Corp Has $771.15 Million Stake in Brookfield Co. (NYSE:BN)

Mackenzie Financial Corp trimmed its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,215,636 shares of the company's stock after selling 56,045 shares during the quarter. Brookfield comprises 1.2% of Mackenzie Financial Corp's holdings, making the stock its 14th biggest position. Mackenzie Financial Corp owned about 1.17% of Brookfield worth $771,146,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Capital Advisors Inc. OK increased its position in shares of Brookfield by 7.1% during the 4th quarter. Capital Advisors Inc. OK now owns 868,857 shares of the company's stock valued at $34,859,000 after purchasing an additional 57,345 shares during the period. Triasima Portfolio Management inc. lifted its stake in Brookfield by 61.4% during the fourth quarter. Triasima Portfolio Management inc. now owns 789,234 shares of the company's stock valued at $31,716,000 after purchasing an additional 300,150 shares during the last quarter. Simplicity Solutions LLC bought a new stake in Brookfield during the fourth quarter worth approximately $865,000. Live Oak Private Wealth LLC grew its position in Brookfield by 1.9% in the fourth quarter. Live Oak Private Wealth LLC now owns 227,067 shares of the company's stock worth $9,110,000 after buying an additional 4,225 shares during the last quarter. Finally, Sapient Capital LLC bought a new position in shares of Brookfield in the fourth quarter valued at $406,000. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Stock Down 0.8 %

Shares of Brookfield stock traded down $0.31 on Monday, hitting $38.99. 4,947,369 shares of the company traded hands, compared to its average volume of 2,716,077. Brookfield Co. has a 12-month low of $28.84 and a 12-month high of $43.17. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.35. The company has a market cap of $64.02 billion, a PE ratio of 62.89 and a beta of 1.49. The company has a 50-day moving average price of $40.89 and a 200 day moving average price of $37.48.

Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.14. Brookfield had a return on equity of 3.22% and a net margin of 1.18%. The company had revenue of $24.52 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the business earned $1.12 EPS. The business's quarterly revenue was up 1.3% on a year-over-year basis. Sell-side analysts predict that Brookfield Co. will post 3.75 earnings per share for the current year.

Brookfield Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th were paid a dividend of $0.08 per share. This is a positive change from Brookfield's previous quarterly dividend of $0.07. The ex-dividend date was Tuesday, March 12th. This represents a $0.32 annualized dividend and a dividend yield of 0.82%. Brookfield's dividend payout ratio is 51.61%.

Insider Activity

In other Brookfield news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the business's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $11.33, for a total value of $11,330,000.00. Following the completion of the sale, the director now owns 15,492,168 shares of the company's stock, valued at $175,526,263.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 11.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BN shares. TheStreet raised Brookfield from a "c" rating to a "b" rating in a research note on Thursday, February 8th. BMO Capital Markets lifted their price target on Brookfield from $42.00 to $44.00 and gave the stock an "outperform" rating in a research note on Friday, February 9th. CIBC upped their price objective on shares of Brookfield from $46.00 to $52.00 and gave the company an "outperform" rating in a research note on Friday, February 9th. Royal Bank of Canada reissued an "outperform" rating and issued a $53.00 target price on shares of Brookfield in a research report on Friday. Finally, Canaccord Genuity Group upped their price target on shares of Brookfield from $41.00 to $42.50 and gave the company a "hold" rating in a research report on Friday, February 9th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Brookfield currently has an average rating of "Moderate Buy" and an average target price of $47.45.

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.