Brookfield Co. (NYSE:BN) Shares Sold by Ruffer LLP

Ruffer LLP reduced its position in Brookfield Co. (NYSE:BN) by 9.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,000 shares of the company’s stock after selling 10,000 shares during the quarter. Ruffer LLP’s holdings in Brookfield were worth $5,400,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Amundi lifted its stake in shares of Brookfield by 13.2% in the fourth quarter. Amundi now owns 855,761 shares of the company’s stock valued at $49,959,000 after purchasing an additional 99,544 shares during the period. Permanent Capital Management LP acquired a new position in Brookfield during the fourth quarter valued at approximately $283,000. PCJ Investment Counsel Ltd. lifted its position in shares of Brookfield by 69.7% during the fourth quarter. PCJ Investment Counsel Ltd. now owns 277,120 shares of the company’s stock worth $15,908,000 after purchasing an additional 113,840 shares in the last quarter. Scheer Rowlett & Associates Investment Management Ltd. raised its holdings in Brookfield by 1.1% in the fourth quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,511,750 shares of the company’s stock valued at $86,779,000 after acquiring an additional 16,096 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Brookfield during the fourth quarter valued at $48,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Down 0.9 %

Shares of NYSE BN opened at $52.10 on Friday. The business’s fifty day moving average price is $58.25 and its 200-day moving average price is $55.79. The stock has a market capitalization of $85.76 billion, a PE ratio of 173.66 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 Co. has a one year low of $38.18 and a one year high of $62.78.

Brookfield (NYSE:BN) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s payout ratio is presently 120.00%.

Analyst Ratings Changes

Several research firms recently weighed in on BN. Morgan Stanley assumed coverage on shares of Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price objective for the company. Scotiabank increased their price objective on Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research report on Monday, February 3rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $62.00 target price (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. CIBC raised their target price on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday, January 23rd. Finally, TD Securities lifted their price objective on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

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.