Guardian Capital LP Has $108.19 Million Holdings in Brookfield Co. (NYSE:BN)

Guardian Capital LP decreased its holdings in shares of Brookfield Co. (NYSE:BN) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,883,274 shares of the company’s stock after selling 72,761 shares during the period. Brookfield makes up 4.0% of Guardian Capital LP’s portfolio, making the stock its 4th biggest holding. Guardian Capital LP owned 0.11% of Brookfield worth $108,188,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Compass Planning Associates Inc acquired a new stake in Brookfield during the 4th quarter worth about $30,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Brookfield in the 4th quarter worth approximately $48,000. Transce3nd LLC purchased a new position in Brookfield during the 4th quarter worth approximately $51,000. Promus Capital LLC acquired a new stake in Brookfield during the 4th quarter valued at $55,000. Finally, Pinnacle Bancorp Inc. lifted its holdings in shares of Brookfield by 29.5% in the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock valued at $56,000 after purchasing an additional 221 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Up 0.6 %

BN opened at $53.64 on Wednesday. The firm has a market cap of $88.37 billion, a P/E ratio of 178.81 and a beta of 1.60. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21. The business has a 50 day moving average price of $52.00 and a 200 day moving average price of $55.84. Brookfield Co. has a twelve month low of $39.78 and a twelve month high of $62.78.

Brookfield (NYSE:BN) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) 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%. Research analysts forecast that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.67%. Brookfield’s payout ratio is 120.00%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BN. JPMorgan Chase & Co. lowered their price target on Brookfield from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. TD Securities lifted their target price on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Morgan Stanley reduced their price target on shares of Brookfield from $83.00 to $61.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Scotiabank decreased their target price on shares of Brookfield from $71.00 to $68.00 and set a “sector outperform” rating for the company in a research note on Monday, April 7th. Finally, CIBC upped their price target on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.88.

Brookfield Company 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.