TIAA Trust National Association Reduces Stake in Brookfield Co. (NYSE:BN)

TIAA Trust National Association lessened its holdings in shares of Brookfield Co. (NYSE:BN) by 1.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,259 shares of the company’s stock after selling 255 shares during the period. TIAA Trust National Association’s holdings in Brookfield were worth $1,221,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Compass Planning Associates Inc purchased a new position in shares of Brookfield during the fourth quarter worth about $30,000. FSA Wealth Management LLC purchased a new stake in Brookfield in the third quarter valued at approximately $42,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Brookfield in the fourth quarter valued at approximately $48,000. Prestige Wealth Management Group LLC grew its position in shares of Brookfield by 137.0% during the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after acquiring an additional 500 shares during the last quarter. Finally, Promus Capital LLC acquired a new position in shares of Brookfield in the 4th quarter valued at $55,000. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Trading Down 0.3 %

Shares of BN stock opened at $54.13 on Friday. The business’s fifty day moving average price is $56.96 and its 200 day moving average price is $56.12. The firm has a market capitalization of $89.13 billion, a PE ratio of 180.42 and a beta of 1.65. 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 Co. has a 1-year low of $38.18 and a 1-year high of $62.78.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share 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%. As a group, sell-side analysts forecast that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently commented on BN. Morgan Stanley started coverage on shares of Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 target price for the company. TD Securities boosted their target price on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. CIBC lifted their price objective on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research report on Thursday, January 23rd. Finally, Scotiabank boosted their price objective 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 analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Brookfield presently has a consensus rating of “Moderate Buy” and a consensus price target 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.