Aviva PLC Decreases Stake in Brookfield Co. (NYSE:BN)

Aviva PLC trimmed its holdings in shares of Brookfield Co. (NYSE:BN) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 911,197 shares of the company’s stock after selling 17,085 shares during the quarter. Aviva PLC owned 0.06% of Brookfield worth $52,267,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of BN. Wells Fargo & Company MN increased its holdings in Brookfield by 3.3% during the 4th quarter. Wells Fargo & Company MN now owns 2,950,587 shares of the company’s stock worth $169,502,000 after purchasing an additional 94,297 shares during the last quarter. Prudential PLC increased its stake in shares of Brookfield by 29.2% in the fourth quarter. Prudential PLC now owns 11,756 shares of the company’s stock worth $675,000 after buying an additional 2,660 shares during the last quarter. Pitcairn Co. raised its holdings in Brookfield by 8.9% in the fourth quarter. Pitcairn Co. now owns 28,444 shares of the company’s stock valued at $1,634,000 after acquiring an additional 2,327 shares in the last quarter. Geode Capital Management LLC boosted its stake in Brookfield by 32.0% during the 4th quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company’s stock valued at $460,489,000 after acquiring an additional 1,930,218 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Brookfield by 8.4% during the 4th quarter. Franklin Resources Inc. now owns 675,214 shares of the company’s stock worth $38,761,000 after acquiring an additional 52,116 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. 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. Morgan Stanley began coverage on Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price on the stock. CIBC boosted their price target on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd. Finally, TD Securities lifted 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $64.00.

Brookfield Stock Performance

Shares of BN opened at $46.23 on Friday. The firm has a fifty day moving average of $56.03 and a 200-day moving average of $56.28. The company has a market cap of $76.13 billion, a price-to-earnings ratio of 154.12 and a beta of 1.60. 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 Co. has a 1 year low of $38.18 and a 1 year high of $62.78.

Brookfield (NYSE:BN) last posted its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, equities analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield’s payout ratio is currently 120.00%.

Brookfield Company 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.