TD Waterhouse Canada Inc. trimmed its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 3,578,785 shares of the company's stock after selling 166,570 shares during the quarter. Brookfield comprises about 1.7% of TD Waterhouse Canada Inc.'s portfolio, making the stock its 14th biggest holding. TD Waterhouse Canada Inc. owned approximately 0.22% of Brookfield worth $204,601,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Compass Planning Associates Inc acquired a new position in Brookfield in the fourth quarter valued at about $30,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Brookfield during the 4th quarter worth approximately $48,000. Transce3nd LLC acquired a new stake in shares of Brookfield during the 4th quarter worth approximately $51,000. Promus Capital LLC bought a new position in Brookfield in the fourth quarter valued at approximately $55,000. Finally, Pinnacle Bancorp Inc. raised its position in Brookfield by 29.5% during the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock valued at $56,000 after purchasing an additional 221 shares in the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on BN shares. CIBC lifted their price target on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research note on Thursday, January 23rd. TD Securities boosted their target price on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Scotiabank reduced 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. JPMorgan Chase & Co. decreased their price target on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $62.88.
Get Our Latest Analysis on Brookfield
Brookfield Trading Up 0.8 %
NYSE BN traded up $0.41 during trading hours on Friday, reaching $53.33. The company's stock had a trading volume of 2,976,436 shares, compared to its average volume of 2,815,017. Brookfield Co. has a 52 week low of $39.78 and a 52 week high of $62.78. 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 $87.86 billion, a P/E ratio of 177.77 and a beta of 1.60. The firm has a fifty day simple moving average of $52.27 and a 200-day simple moving average of $55.82.
Brookfield (NYSE:BN - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.13. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. Equities analysts forecast that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.
Brookfield Dividend Announcement
The business also recently disclosed 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. The ex-dividend date was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.68%. Brookfield's dividend payout ratio (DPR) is 120.00%.
Brookfield Company Profile
(
Free Report)
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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