Skba Capital Management LLC Decreases Stock Position in Brookfield Co. (NYSE:BN)

Skba Capital Management LLC trimmed its holdings in shares of Brookfield Co. (NYSE:BN) by 4.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,184 shares of the company’s stock after selling 300 shares during the period. Skba Capital Management LLC’s holdings in Brookfield were worth $413,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of BN. Thrivent Financial for Lutherans bought a new stake in Brookfield in the 3rd quarter worth about $223,000. PEAK6 Investments LLC grew its stake in shares of Brookfield by 181.1% in the third quarter. PEAK6 Investments LLC now owns 13,971 shares of the company’s stock worth $743,000 after acquiring an additional 9,001 shares during the period. Verition Fund Management LLC raised its holdings in shares of Brookfield by 216.3% during the third quarter. Verition Fund Management LLC now owns 47,617 shares of the company’s stock valued at $2,531,000 after purchasing an additional 32,564 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Brookfield by 131.9% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company’s stock valued at $24,594,000 after purchasing an additional 263,375 shares during the period. Finally, Cobblestone Capital Advisors LLC NY boosted its holdings in Brookfield by 0.5% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 479,202 shares of the company’s stock worth $25,470,000 after purchasing an additional 2,159 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Down 4.4 %

BN stock opened at $51.77 on Monday. The business’s 50-day moving average price is $56.83 and its 200-day moving average price is $56.27. The stock has a market cap of $85.25 billion, a P/E ratio of 172.57 and a beta of 1.65. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. Brookfield Co. has a twelve month low of $38.18 and a twelve month high of $62.78.

Brookfield (NYSE:BN) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share 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, equities research analysts forecast that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s dividend payout ratio is currently 120.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BN shares. TD Securities boosted their target price 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. Scotiabank raised their target price on Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 3rd. CIBC upped their price target 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, Morgan Stanley started coverage on shares of Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price objective on the stock. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock 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.