Mcdonald Capital Investors Inc. CA Decreases Stock Holdings in Brookfield Co. (NYSE:BN)

Mcdonald Capital Investors Inc. CA lowered its stake in shares of Brookfield Co. (NYSE:BN) by 1.1% during the fourth quarter, Holdings Channel reports. The fund owned 2,023,560 shares of the company’s stock after selling 21,578 shares during the period. Brookfield makes up approximately 7.3% of Mcdonald Capital Investors Inc. CA’s holdings, making the stock its 7th biggest holding. Mcdonald Capital Investors Inc. CA’s holdings in Brookfield were worth $116,254,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BN. Compass Planning Associates Inc acquired a new stake in shares of Brookfield during the 4th quarter worth approximately $30,000. First Personal Financial Services bought a new position in Brookfield in the third quarter valued at approximately $42,000. FSA Wealth Management LLC bought a new position in Brookfield in the third quarter valued at approximately $42,000. Prestige Wealth Management Group LLC lifted its stake in Brookfield by 137.0% in the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after buying an additional 500 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Brookfield in the fourth quarter worth $48,000. Institutional investors own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

BN has been the topic of several analyst reports. 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 report on Thursday, January 23rd. 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. Morgan Stanley began coverage on shares of Brookfield in a research report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective for the company. TD Securities lifted their price target on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, BMO Capital Markets restated an “outperform” rating and set a $62.00 price objective (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Brookfield presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

Brookfield Trading Down 0.9 %

NYSE BN opened at $52.10 on Monday. The stock has a market capitalization of $85.76 billion, a price-to-earnings ratio of 173.66 and a beta of 1.65. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The business’s fifty day moving average is $58.25 and its 200-day moving average is $55.85.

Brookfield (NYSE:BN) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. Equities research analysts predict that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s payout ratio is 120.00%.

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.