Tacita Capital Inc Sells 6,195 Shares of Brookfield Co. (NYSE:BN)

Tacita Capital Inc trimmed its position in Brookfield Co. (NYSE:BN) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,409 shares of the company’s stock after selling 6,195 shares during the quarter. Brookfield makes up 4.4% of Tacita Capital Inc’s investment portfolio, making the stock its 4th largest position. Tacita Capital Inc’s holdings in Brookfield were worth $6,160,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Compass Planning Associates Inc acquired a new stake in shares of Brookfield in the 4th quarter valued at $30,000. First Personal Financial Services acquired a new stake in shares of Brookfield in the 3rd quarter valued at $42,000. FSA Wealth Management LLC acquired a new stake in Brookfield during the 3rd quarter worth $42,000. Prestige Wealth Management Group LLC raised its stake in 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 acquiring an additional 500 shares in the last quarter. Finally, Continuum Advisory LLC acquired a new stake in Brookfield during the 3rd quarter worth $55,000. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BN shares. Scotiabank lifted their price target on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 3rd. CIBC lifted 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. Morgan Stanley started coverage on shares of Brookfield in a research note on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price target on the stock. BMO Capital Markets reiterated an “outperform” rating and set a $62.00 price target (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Finally, TD Securities lifted 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. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

Brookfield Trading Down 2.5 %

Shares of Brookfield stock opened at $56.51 on Tuesday. Brookfield Co. has a 1 year low of $38.18 and a 1 year high of $62.78. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21. The company has a market capitalization of $93.02 billion, a P/E ratio of 188.37 and a beta of 1.57. The company’s fifty day moving average is $58.59 and its two-hundred day moving average is $55.67.

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

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s payout ratio is 120.00%.

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.