LGT Capital Partners LTD. Decreases Stake in Brookfield Co. (NYSE:BN)

LGT Capital Partners LTD. decreased its position in Brookfield Co. (NYSE:BN) by 8.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 724,000 shares of the company’s stock after selling 68,000 shares during the period. Brookfield accounts for 1.6% of LGT Capital Partners LTD.’s holdings, making the stock its 20th biggest position. LGT Capital Partners LTD.’s holdings in Brookfield were worth $41,597,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Compass Planning Associates Inc purchased a new stake in Brookfield in the 4th quarter valued at about $30,000. First Personal Financial Services purchased a new stake in shares of Brookfield during the 3rd quarter worth approximately $42,000. FSA Wealth Management LLC purchased a new stake in shares of Brookfield during the 3rd quarter worth approximately $42,000. Prestige Wealth Management Group LLC increased its stake in shares of Brookfield by 137.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after purchasing an additional 500 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Brookfield during the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Down 0.9 %

BN opened at $52.10 on Friday. The company has a 50 day moving average of $58.25 and a 200 day moving average of $55.79. The company has a market cap of $85.76 billion, a PE ratio of 173.66 and a beta of 1.65. Brookfield Co. has a 12 month low of $38.18 and a 12 month high of $62.78. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.01 EPS 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%. On average, sell-side analysts expect that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The company 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. This represents a $0.36 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s payout ratio is 120.00%.

Wall Street Analyst Weigh In

BN has been the subject of several research analyst reports. BMO Capital Markets restated an “outperform” rating and set a $62.00 price target (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. TD Securities raised their price target 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. Morgan Stanley initiated coverage on shares of Brookfield in a research note on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price target for the company. CIBC raised their price target 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 raised their price objective on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a report on Monday, February 3rd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $64.00.

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.