Partners Capital Investment Group LLP Has $4.98 Million Stock Position in Brookfield Co. (NYSE:BN)

Partners Capital Investment Group LLP reduced its holdings in shares of Brookfield Co. (NYSE:BN) by 31.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,639 shares of the company’s stock after selling 39,057 shares during the quarter. Partners Capital Investment Group LLP’s holdings in Brookfield were worth $4,977,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Brookfield by 131.9% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company’s stock worth $24,594,000 after acquiring an additional 263,375 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Brookfield by 5.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company’s stock worth $9,764,000 after acquiring an additional 9,915 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Brookfield by 10.9% during the 3rd quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company’s stock worth $320,670,000 after acquiring an additional 591,757 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Brookfield by 10.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company’s stock valued at $189,507,000 after buying an additional 351,231 shares in the last quarter. Finally, Partners Group Holding AG grew its stake in shares of Brookfield by 53.5% in the third quarter. Partners Group Holding AG now owns 409,303 shares of the company’s stock valued at $21,754,000 after buying an additional 142,603 shares in the last quarter. 61.60% of the stock is owned by institutional investors.

Brookfield Trading Up 0.8 %

BN stock opened at $60.88 on Monday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. The company has a fifty day moving average price of $58.44 and a two-hundred day moving average price of $54.61. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78. The stock has a market cap of $100.20 billion, a price-to-earnings ratio of 129.53 and a beta of 1.57.

Brookfield (NYSE:BN) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.13. Brookfield had a net margin of 1.00% and a return on equity of 3.74%. Equities analysts anticipate that Brookfield Co. will post 3.83 EPS for the current year.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Friday, March 14th. Brookfield’s dividend payout ratio is currently 68.09%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. TD Securities raised their target price on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 target price (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. CIBC raised their target price 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. Scotiabank raised their target price on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research note on Monday, February 3rd. Finally, Morgan Stanley assumed coverage on shares of Brookfield in a research note on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 target price for the company. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $64.00.

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.