Partners Group Holding AG Has $29.14 Million Holdings in Brookfield Co. (NYSE:BN)

Partners Group Holding AG grew its stake in shares of Brookfield Co. (NYSE:BN) by 23.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 507,166 shares of the company’s stock after purchasing an additional 97,863 shares during the period. Brookfield comprises about 1.0% of Partners Group Holding AG’s investment portfolio, making the stock its 22nd largest holding. Partners Group Holding AG’s holdings in Brookfield were worth $29,137,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Brookfield by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 59,904,458 shares of the company’s stock worth $3,443,129,000 after buying an additional 974,533 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Brookfield by 6.2% during the 4th quarter. CIBC Asset Management Inc now owns 14,178,133 shares of the company’s stock worth $814,585,000 after acquiring an additional 823,428 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of 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 last quarter. EdgePoint Investment Group Inc. lifted its position 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 valued at $611,383,000 after purchasing an additional 196,790 shares in the last quarter. Finally, Toronto Dominion Bank boosted its holdings in 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 purchasing an additional 1,301,072 shares during the last quarter. 61.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Scotiabank increased their price objective 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. Morgan Stanley started coverage on Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price target on the stock. TD Securities upped their price objective on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, CIBC lifted their target price on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

Brookfield Stock Down 0.2 %

Shares of NYSE BN opened at $53.65 on Friday. The business’s fifty day moving average price is $57.07 and its 200-day moving average price is $55.96. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78. The stock has a market capitalization of $88.34 billion, a PE ratio of 178.83 and a beta of 1.65. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09.

Brookfield (NYSE:BN) last posted its earnings results 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%. On average, equities research analysts anticipate that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s payout ratio is currently 120.00%.

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.