Brookfield Co. (NYSE:BN) Stake Lessened by Aviva PLC

Aviva PLC decreased its position in shares of Brookfield Co. (NYSE:BN) by 1.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 911,197 shares of the company’s stock after selling 17,085 shares during the quarter. Aviva PLC’s holdings in Brookfield were worth $52,267,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BN. Norges Bank bought a new position in shares of Brookfield during the 4th quarter valued at about $973,591,000. Baillie Gifford & Co. boosted its holdings in Brookfield by 809.5% during the fourth quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company’s stock worth $211,159,000 after buying an additional 3,271,403 shares in the last quarter. Regents of The University of California acquired a new position in Brookfield in the fourth quarter worth approximately $154,140,000. Geode Capital Management LLC increased its holdings in shares of Brookfield by 32.0% in the fourth quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company’s stock valued at $460,489,000 after buying an additional 1,930,218 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Brookfield during the 4th quarter valued at $82,795,000. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Price Performance

NYSE BN opened at $46.23 on Friday. 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 firm has a market capitalization of $76.13 billion, a price-to-earnings ratio of 154.12 and a beta of 1.60. The company has a 50 day simple moving average of $56.03 and a 200-day simple moving average of $56.28. Brookfield Co. has a 52-week low of $38.18 and a 52-week high of $62.78.

Brookfield (NYSE:BN) last released its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts predict that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.09 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.78%. Brookfield’s dividend payout ratio (DPR) is currently 120.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BN shares. CIBC lifted their target price on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a report on Thursday, January 23rd. Scotiabank boosted their price objective on Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a report on Monday, February 3rd. TD Securities lifted their target price on shares of Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Morgan Stanley initiated coverage on shares of Brookfield in a research report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price target for the company. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Brookfield presently has an average rating of “Moderate Buy” and a consensus 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.