Natixis Advisors LLC Reduces Stake in Brookfield Co. (NYSE:BN)

Natixis Advisors LLC reduced its position in shares of Brookfield Co. (NYSE:BN) by 5.0% in the fourth quarter, HoldingsChannel reports. The firm owned 452,684 shares of the company’s stock after selling 24,043 shares during the quarter. Natixis Advisors LLC’s holdings in Brookfield were worth $26,007,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Brookfield by 131.9% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company’s stock worth $24,594,000 after buying an additional 263,375 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Brookfield by 5.7% in the third quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company’s stock worth $9,764,000 after purchasing an additional 9,915 shares in the last quarter. Geode Capital Management LLC raised its position 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 valued at $320,670,000 after purchasing an additional 591,757 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Brookfield by 10.9% during the 3rd 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 increased its stake in Brookfield by 53.5% in the 3rd quarter. Partners Group Holding AG now owns 409,303 shares of the company’s stock worth $21,754,000 after buying an additional 142,603 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on BN shares. Morgan Stanley assumed coverage on Brookfield in a research note on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price on the stock. CIBC lifted their price objective on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research report on Thursday, January 23rd. TD Securities upped 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, Scotiabank lifted their price target on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a report on Monday, February 3rd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

Brookfield Stock Up 2.8 %

NYSE BN opened at $51.81 on Tuesday. The stock has a 50 day moving average price of $57.38 and a 200-day moving average price of $55.90. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78. The company has a market capitalization of $85.28 billion, a P/E ratio of 172.69 and a beta of 1.65. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21.

Brookfield (NYSE:BN) last issued 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 0.75% and a return on equity of 3.93%. As a group, equities analysts predict that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.69%. Brookfield’s dividend payout ratio (DPR) is presently 120.00%.

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.