Brookfield Co. (NYSE:BN) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV decreased its holdings in Brookfield Co. (NYSE:BN) by 54.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,157 shares of the company’s stock after selling 15,597 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Brookfield were worth $756,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Norges Bank acquired a new position in Brookfield during the 4th quarter worth $973,591,000. Baillie Gifford & Co. increased 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 worth $211,159,000 after buying an additional 3,271,403 shares during the period. Regents of The University of California acquired a new stake in Brookfield in the fourth quarter valued at approximately $154,140,000. Geode Capital Management LLC lifted its stake in Brookfield by 32.0% in the fourth quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company’s stock worth $460,489,000 after acquiring an additional 1,930,218 shares during the last quarter. Finally, Capital World Investors grew its holdings in Brookfield by 3.1% during the 4th quarter. Capital World Investors now owns 59,020,303 shares of the company’s stock worth $3,390,786,000 after acquiring an additional 1,782,034 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Down 1.5 %

BN stock opened at $56.73 on Friday. The company has a market cap of $93.46 billion, a price-to-earnings ratio of 189.11 and a beta of 1.64. The company has a fifty day moving average price of $51.71 and a 200 day moving average price of $55.87. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. Brookfield Co. has a 12 month low of $39.97 and a 12 month high of $62.78.

Brookfield (NYSE:BN) last released its earnings results on Thursday, May 8th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.90 by $0.08. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Sell-side analysts expect that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Friday, June 13th. Brookfield’s dividend payout ratio is currently 128.57%.

Wall Street Analysts Forecast Growth

BN has been the subject of several recent analyst reports. CIBC decreased their price objective on shares of Brookfield from $74.00 to $72.00 and set an “outperformer” rating for the company in a research report on Friday. TD Securities dropped their price objective on Brookfield from $77.00 to $74.00 and set a “buy” rating on the stock in a report on Monday, May 5th. JPMorgan Chase & Co. decreased their target price on Brookfield from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Scotiabank dropped their price target on shares of Brookfield from $71.00 to $68.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 7th. Finally, Morgan Stanley reduced their price objective 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. 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $63.00.

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.