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

Moerus Capital Management LLC cut its stake in shares of Brookfield Co. (NYSE:BN) by 12.8% in the 4th quarter, according to the company in its most recent disclosure 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 quarter. Brookfield accounts for approximately 3.3% of Moerus Capital Management LLC’s holdings, making the stock its 8th biggest position. Moerus Capital Management LLC’s holdings in Brookfield were worth $9,028,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Haverford Trust Co lifted its holdings in shares of Brookfield by 4.7% in the 4th quarter. Haverford Trust Co now owns 4,308 shares of the company’s stock valued at $247,000 after buying an additional 192 shares during the period. Orion Portfolio Solutions LLC lifted its holdings in Brookfield by 1.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 16,616 shares of the company’s stock valued at $955,000 after acquiring an additional 197 shares during the period. Pittenger & Anderson Inc. boosted its position in shares of Brookfield by 14.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company’s stock worth $90,000 after purchasing an additional 203 shares in the last quarter. Pinnacle Bancorp Inc. grew its stake in shares of Brookfield by 29.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after purchasing an additional 221 shares during the period. Finally, Citizens Financial Group Inc. RI increased its holdings in shares of Brookfield by 5.8% in the 4th quarter. Citizens Financial Group Inc. RI now owns 4,350 shares of the company’s stock valued at $250,000 after purchasing an additional 240 shares in the last quarter. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on BN. TD Securities boosted their price objective on shares of Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Morgan Stanley began coverage on Brookfield in a research note on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price target on the stock. CIBC raised their price objective on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday, January 23rd. Finally, Scotiabank boosted 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. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Brookfield has an average rating of “Moderate Buy” and a consensus price target of $64.00.

Brookfield Price Performance

Shares of NYSE:BN opened at $46.23 on Friday. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78. The stock has a market cap of $76.13 billion, a PE ratio of 154.12 and a beta of 1.60. The business’s fifty day moving average price is $56.03 and its two-hundred day moving average price is $56.28. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21.

Brookfield (NYSE:BN) last posted its quarterly earnings data 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%. On average, analysts forecast that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was 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.