Brookfield Co. (NYSE:BN) is Moerus Capital Management LLC’s 8th Largest Position

Moerus Capital Management LLC reduced its stake in shares of Brookfield Co. (NYSE:BN) by 12.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,151 shares of the company’s stock after selling 23,126 shares during the period. Brookfield accounts for about 3.3% of Moerus Capital Management LLC’s investment portfolio, making the stock its 8th largest position. Moerus Capital Management LLC’s holdings in Brookfield were worth $9,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of BN. Compass Planning Associates Inc purchased a new stake in Brookfield during the fourth quarter valued at about $30,000. Prestige Wealth Management Group LLC grew its holdings 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 period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Brookfield during the 4th quarter worth approximately $48,000. Continuum Advisory LLC purchased a new position in Brookfield in the third quarter valued at approximately $55,000. Finally, Promus Capital LLC acquired a new position in Brookfield during the fourth quarter valued at approximately $55,000. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Trading Down 8.2 %

NYSE BN opened at $46.23 on Friday. The company’s fifty day moving average price is $56.03 and its two-hundred day moving average price is $56.28. The company has a market capitalization of $76.13 billion, a price-to-earnings ratio of 154.12 and a beta of 1.60. Brookfield Co. has a 12 month low of $38.18 and a 12 month 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.

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

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Friday, March 14th. Brookfield’s dividend payout ratio is presently 120.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. 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 report on Tuesday, February 11th. Scotiabank raised their price objective on 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 initiated coverage on shares of Brookfield in a research note on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective on the stock. Finally, CIBC boosted their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $64.00.

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.