Brookfield Co. (NYSE:BN) Shares Sold by Autumn Glory Partners LLC

Autumn Glory Partners LLC cut its holdings in Brookfield Co. (NYSE:BN) by 54.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,890 shares of the company’s stock after selling 5,827 shares during the quarter. Autumn Glory Partners LLC’s holdings in Brookfield were worth $281,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its stake in Brookfield by 31.6% in the third quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock valued at $623,783,000 after purchasing an additional 2,818,716 shares during the period. EdgePoint Investment Group Inc. increased its stake in shares of Brookfield by 1.7% during the third quarter. EdgePoint Investment Group Inc. now owns 11,512,817 shares of the company’s stock worth $611,383,000 after acquiring an additional 196,790 shares during the period. Toronto Dominion Bank increased its stake in shares of Brookfield by 23.4% during the third quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock worth $364,152,000 after acquiring an additional 1,301,072 shares during the period. Geode Capital Management LLC increased its stake in shares of Brookfield by 10.9% during the third 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 during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Brookfield by 10.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company’s stock worth $189,507,000 after acquiring an additional 351,231 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. BMO Capital Markets reiterated an “outperform” rating and set a $62.00 price target (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Scotiabank boosted their price objective on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a report on Monday, February 3rd. CIBC boosted their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a report on Thursday, January 23rd. Morgan Stanley began coverage on shares of Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective on the stock. Finally, TD Securities boosted their price objective on shares of Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Brookfield presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

Brookfield Stock Up 0.8 %

Shares of NYSE BN opened at $60.88 on Friday. Brookfield Co. has a 12-month low of $38.18 and a 12-month high of $62.78. The company has a market capitalization of $100.20 billion, a PE ratio of 129.53 and a beta of 1.57. 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 firm’s 50-day moving average is $58.44 and its two-hundred day moving average is $54.53.

Brookfield (NYSE:BN) last announced 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 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 fiscal year.

Brookfield Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s dividend payout ratio (DPR) is presently 68.09%.

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.