Intech Investment Management LLC Has $2.12 Million Holdings in Brookfield Co. (NYSE:BN)

Intech Investment Management LLC cut its stake in Brookfield Co. (NYSE:BN) by 50.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,914 shares of the company’s stock after selling 37,188 shares during the period. Intech Investment Management LLC’s holdings in Brookfield were worth $2,121,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Generali Asset Management SPA SGR acquired a new position in Brookfield in the 4th quarter worth $3,711,000. Tocqueville Asset Management L.P. boosted its stake in shares of Brookfield by 7.5% during the 4th quarter. Tocqueville Asset Management L.P. now owns 55,442 shares of the company’s stock worth $3,185,000 after buying an additional 3,887 shares during the last quarter. Horizon Kinetics Asset Management LLC boosted its stake in shares of Brookfield by 15.3% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 1,218,597 shares of the company’s stock worth $70,008,000 after buying an additional 161,891 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Brookfield by 51.3% during the 4th quarter. Signaturefd LLC now owns 8,409 shares of the company’s stock worth $483,000 after buying an additional 2,851 shares during the last quarter. Finally, Gold Investment Management Ltd. boosted its stake in shares of Brookfield by 1.0% during the 4th quarter. Gold Investment Management Ltd. now owns 91,813 shares of the company’s stock worth $5,276,000 after buying an additional 908 shares during the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on BN. Morgan Stanley began coverage on shares of Brookfield in a research note on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective for the company. TD Securities increased their price objective on shares of Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. CIBC increased their price objective 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. Finally, Scotiabank upped their target price 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 given a buy rating to the stock. According to data from MarketBeat, Brookfield has an average rating of “Moderate Buy” and an average price target of $64.00.

Brookfield Stock Down 0.7 %

Shares of BN stock opened at $53.66 on Friday. 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 firm’s 50-day moving average is $57.10 and its 200-day moving average is $55.88. The stock has a market cap of $88.32 billion, a price-to-earnings ratio of 178.86 and a beta of 1.65. Brookfield Co. has a 52-week low of $38.18 and a 52-week high of $62.78.

Brookfield (NYSE:BN) last released 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%. Sell-side analysts predict that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.67%. Brookfield’s dividend payout ratio is currently 120.00%.

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.