Brookfield Co. (NYSE:BN) Shares Sold by Tacita Capital Inc

Tacita Capital Inc lessened its stake in shares of Brookfield Co. (NYSE:BN) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 107,409 shares of the company’s stock after selling 6,195 shares during the period. Brookfield accounts for approximately 4.4% of Tacita Capital Inc’s investment portfolio, making the stock its 4th biggest position. Tacita Capital Inc’s holdings in Brookfield were worth $6,160,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BN. Baillie Gifford & Co. grew its stake in Brookfield by 809.5% during the 4th quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company’s stock valued at $211,159,000 after acquiring an additional 3,271,403 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Brookfield by 31.6% in 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 buying an additional 2,818,716 shares during the period. Regents of The University of California purchased a new stake in shares of Brookfield in the 4th quarter valued at approximately $154,140,000. Toronto Dominion Bank grew its stake in shares of Brookfield by 23.4% in the 3rd quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock valued at $364,152,000 after buying an additional 1,301,072 shares during the period. Finally, CIBC Asset Management Inc grew its stake in shares of Brookfield by 6.2% in the 4th quarter. CIBC Asset Management Inc now owns 14,178,133 shares of the company’s stock valued at $814,585,000 after buying an additional 823,428 shares during the period. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analyst Ratings Changes

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

Brookfield Price Performance

Brookfield stock opened at $56.51 on Tuesday. The firm has a market cap of $93.02 billion, a PE ratio of 188.37 and a beta of 1.57. Brookfield Co. has a 52-week low of $38.18 and a 52-week high of $62.78. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. The company’s 50 day moving average is $58.59 and its two-hundred day moving average is $55.67.

Brookfield (NYSE:BN) last released its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.13. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. On average, research analysts expect that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.64%. Brookfield’s dividend payout ratio (DPR) is presently 120.00%.

Brookfield 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.