Guardian Capital Advisors LP Cuts Position in Brookfield Co. (NYSE:BN)

Guardian Capital Advisors LP decreased its position in shares of Brookfield Co. (NYSE:BN - Free Report) by 6.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 318,055 shares of the company's stock after selling 23,280 shares during the period. Brookfield makes up approximately 1.3% of Guardian Capital Advisors LP's holdings, making the stock its 22nd largest holding. Guardian Capital Advisors LP's holdings in Brookfield were worth $12,538,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. M&G Investment Management Ltd. grew its holdings in shares of Brookfield by 13.4% during the 4th quarter. M&G Investment Management Ltd. now owns 2,924,753 shares of the company's stock valued at $116,990,000 after purchasing an additional 345,923 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Brookfield by 0.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,757,045 shares of the company's stock worth $110,542,000 after buying an additional 9,232 shares during the period. Forum Financial Management LP bought a new stake in shares of Brookfield in the 4th quarter valued at about $213,000. Dimensional Fund Advisors LP boosted its holdings in Brookfield by 1.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,842,064 shares of the company's stock valued at $114,025,000 after acquiring an additional 53,862 shares during the period. Finally, Canoe Financial LP grew its position in Brookfield by 1,252.3% during the 4th quarter. Canoe Financial LP now owns 1,106,786 shares of the company's stock worth $44,404,000 after acquiring an additional 1,024,941 shares during the last quarter. Institutional investors own 61.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on Brookfield from $48.00 to $52.00 and gave the company an "overweight" rating in a research note on Thursday, February 1st. TheStreet raised shares of Brookfield from a "c" rating to a "b" rating in a report on Thursday, February 8th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $46.00 price objective (up from $45.00) on shares of Brookfield in a research note on Friday. BMO Capital Markets raised their target price on Brookfield from $42.00 to $44.00 and gave the stock an "outperform" rating in a research note on Friday, February 9th. Finally, Scotiabank lowered their price target on Brookfield from $50.00 to $49.50 and set a "sector outperform" rating for the company in a research report on Friday. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Brookfield has a consensus rating of "Moderate Buy" and an average target price of $48.10.

Brookfield Stock Up 1.5 %

BN traded up $0.65 during midday trading on Tuesday, reaching $44.65. The company's stock had a trading volume of 2,343,500 shares, compared to its average volume of 2,859,235. The stock's 50-day moving average is $41.27 and its 200-day moving average is $39.01. Brookfield Co. has a 1 year low of $28.84 and a 1 year high of $44.69. The firm has a market capitalization of $73.31 billion, a price-to-earnings ratio of 73.19 and a beta of 1.48. The company has a current ratio of 1.17, a quick ratio of 1.02 and a debt-to-equity ratio of 1.35.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.13. The company had revenue of $22.91 billion for the quarter. Brookfield had a net margin of 1.16% and a return on equity of 3.15%. During the same quarter in the previous year, the firm earned $0.72 EPS. As a group, research analysts expect that Brookfield Co. will post 3.35 EPS for the current year.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 13th will be issued a $0.08 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.32 annualized dividend and a yield of 0.72%. Brookfield's payout ratio is 52.46%.

Insider Buying and Selling at Brookfield

In related news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the firm's stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $21.75, for a total value of $155,099.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the company's stock in a transaction on 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 directly owns 15,492,168 shares in the company, valued at approximately $175,526,263.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the firm's stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $21.75, for a total value of $155,099.25. The disclosure for this sale can be found here. Company insiders own 11.00% of the company's stock.

Brookfield 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.

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