Hi Line Capital Management LLC Has $12.11 Million Stock Holdings in Brookfield Co. (NYSE:BN)

Hi Line Capital Management LLC trimmed its position in shares of Brookfield Co. (NYSE:BN) by 16.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,778 shares of the company’s stock after selling 42,345 shares during the period. Brookfield makes up 5.3% of Hi Line Capital Management LLC’s portfolio, making the stock its 3rd biggest holding. Hi Line Capital Management LLC’s holdings in Brookfield were worth $12,109,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Compass Planning Associates Inc bought a new stake in Brookfield during the fourth quarter valued at about $30,000. First Personal Financial Services acquired a new position in shares of Brookfield during the third quarter valued at about $42,000. FSA Wealth Management LLC acquired a new position in shares of Brookfield during the third quarter valued at about $42,000. Prestige Wealth Management Group LLC raised 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 valued at $46,000 after buying an additional 500 shares during the last quarter. Finally, Continuum Advisory LLC acquired a new position in shares of Brookfield during the third quarter valued at about $55,000. 61.60% of the stock is currently owned by institutional investors.

Brookfield Stock Performance

NYSE BN opened at $58.68 on Monday. The firm has a market cap of $96.59 billion, a price-to-earnings ratio of 195.60 and a beta of 1.57. The company has a 50 day moving average of $58.54 and a 200-day moving average of $55.16. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. 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 data on Thursday, February 13th. The company reported $1.01 earnings per share 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%. On average, equities analysts forecast that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.61%. Brookfield’s dividend payout ratio (DPR) is currently 106.67%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BN shares. 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 for the company. BMO Capital Markets reaffirmed 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. TD Securities upped their price objective on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Scotiabank increased their price target on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 3rd. Finally, CIBC increased their price target 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. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average 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.