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

Partners Group Holding AG grew its stake in Brookfield Co. (NYSE:BN) by 23.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 507,166 shares of the company’s stock after purchasing an additional 97,863 shares during the period. Brookfield comprises approximately 1.0% of Partners Group Holding AG’s investment portfolio, making the stock its 22nd largest position. Partners Group Holding AG’s holdings in Brookfield were worth $29,137,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Baillie Gifford & Co. boosted its stake in shares of Brookfield by 809.5% during the fourth quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company’s stock valued at $211,159,000 after purchasing an additional 3,271,403 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Brookfield by 31.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock valued at $623,783,000 after buying an additional 2,818,716 shares during the last quarter. Regents of The University of California bought a new stake in Brookfield during the 4th quarter worth approximately $154,140,000. Raymond James Financial Inc. acquired a new position in Brookfield in the 4th quarter valued at approximately $82,795,000. Finally, Toronto Dominion Bank raised 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 valued at $364,152,000 after acquiring an additional 1,301,072 shares during the last quarter. 61.60% of the stock is owned by institutional investors.

Brookfield Stock Performance

NYSE:BN opened at $53.65 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. Brookfield Co. has a twelve month low of $38.18 and a twelve month high of $62.78. The company has a fifty day moving average of $57.07 and a 200-day moving average of $55.96. The firm has a market capitalization of $88.34 billion, a P/E ratio of 178.83 and a beta of 1.65.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, beating 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%. As a group, sell-side analysts anticipate that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.09 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.67%. Brookfield’s dividend payout ratio (DPR) is presently 120.00%.

Analyst Ratings Changes

BN has been the topic of several analyst reports. Morgan Stanley initiated coverage on shares of Brookfield in a research note on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price objective on the stock. CIBC increased their price target on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday, January 23rd. TD Securities lifted their price objective on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, Scotiabank increased their target price on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Brookfield presently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

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.