LGT Capital Partners LTD. Has $41.60 Million Stake in Brookfield Co. (NYSE:BN)

LGT Capital Partners LTD. trimmed its stake in Brookfield Co. (NYSE:BN) by 8.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 724,000 shares of the company’s stock after selling 68,000 shares during the period. Brookfield comprises approximately 1.6% of LGT Capital Partners LTD.’s investment portfolio, making the stock its 20th biggest position. LGT Capital Partners LTD.’s holdings in Brookfield were worth $41,597,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of BN. Concurrent Investment Advisors LLC bought a new stake in Brookfield during the third quarter valued at $246,000. Leavell Investment Management Inc. boosted its position in Brookfield by 373.2% during the third quarter. Leavell Investment Management Inc. now owns 35,118 shares of the company’s stock valued at $1,867,000 after acquiring an additional 27,696 shares during the last quarter. First Personal Financial Services bought a new stake in Brookfield during the third quarter valued at $42,000. Legacy Capital Wealth Partners LLC boosted its position in Brookfield by 72.0% during the third quarter. Legacy Capital Wealth Partners LLC now owns 13,682 shares of the company’s stock valued at $727,000 after acquiring an additional 5,727 shares during the last quarter. Finally, Axxcess Wealth Management LLC boosted its position in Brookfield by 60.8% during the third quarter. Axxcess Wealth Management LLC now owns 9,429 shares of the company’s stock valued at $501,000 after acquiring an additional 3,564 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Price Performance

Shares of NYSE BN opened at $52.10 on Friday. Brookfield Co. has a fifty-two week low of $38.18 and a fifty-two week high of $62.78. The stock has a market cap of $85.76 billion, a price-to-earnings ratio of 173.66 and a beta of 1.65. 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 firm’s 50-day simple moving average is $58.25 and its 200 day simple moving average is $55.79.

Brookfield (NYSE:BN) last announced 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%. As a group, research analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.09 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.69%. Brookfield’s payout ratio is 120.00%.

Analyst Upgrades and Downgrades

A number of analysts have commented on BN shares. Scotiabank upped their price target on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research report on Monday, February 3rd. CIBC increased their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday, January 23rd. BMO Capital Markets reissued an “outperform” rating and set a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Morgan Stanley started coverage on shares of Brookfield in a research report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective on the stock. Finally, 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Brookfield presently has an average rating of “Moderate Buy” and an average 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.