Stephens Inc. AR Trims Stock Holdings in Brookfield Co. (NYSE:BN)

Stephens Inc. AR lowered its stake in shares of Brookfield Co. (NYSE:BN) by 10.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,070 shares of the company’s stock after selling 686 shares during the period. Stephens Inc. AR’s holdings in Brookfield were worth $349,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of BN. The Manufacturers Life Insurance Company boosted its holdings in Brookfield by 31.6% during 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 acquiring an additional 2,818,716 shares during the period. Toronto Dominion Bank boosted its holdings in Brookfield by 23.4% during the 3rd 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 period. Sequoia Financial Advisors LLC boosted its holdings in Brookfield by 4,149.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 776,346 shares of the company’s stock valued at $41,263,000 after acquiring an additional 758,076 shares during the period. Bamco Inc. NY boosted its stake in shares of Brookfield by 62.6% in the 3rd quarter. Bamco Inc. NY now owns 1,949,472 shares of the company’s stock valued at $103,614,000 after buying an additional 750,726 shares during the period. Finally, Zurich Insurance Group Ltd FI purchased a new position in shares of Brookfield in the 3rd quarter valued at about $38,935,000. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Brookfield Stock Performance

NYSE BN opened at $60.88 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. Brookfield Co. has a 1 year low of $38.18 and a 1 year high of $62.78. The company has a market capitalization of $100.20 billion, a PE ratio of 129.53 and a beta of 1.57. The company has a fifty day moving average of $58.44 and a two-hundred day moving average of $54.57.

Brookfield (NYSE:BN) last announced its 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 1.00% and a return on equity of 3.74%. As a group, analysts expect that Brookfield Co. will post 3.83 earnings per share for the current year.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s dividend payout ratio (DPR) is presently 68.09%.

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.