Skba Capital Management LLC Sells 300 Shares of Brookfield Co. (NYSE:BN)

Skba Capital Management LLC reduced its stake in Brookfield Co. (NYSE:BN) by 4.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,184 shares of the company’s stock after selling 300 shares during the quarter. Skba Capital Management LLC’s holdings in Brookfield were worth $413,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Thrivent Financial for Lutherans purchased a new position in shares of Brookfield during the third quarter valued at about $223,000. PEAK6 Investments LLC boosted its stake in Brookfield by 181.1% during the third quarter. PEAK6 Investments LLC now owns 13,971 shares of the company’s stock valued at $743,000 after buying an additional 9,001 shares during the last quarter. Verition Fund Management LLC grew its holdings in Brookfield by 216.3% during the 3rd quarter. Verition Fund Management LLC now owns 47,617 shares of the company’s stock valued at $2,531,000 after buying an additional 32,564 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Brookfield by 131.9% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company’s stock worth $24,594,000 after acquiring an additional 263,375 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY raised its holdings in shares of Brookfield by 0.5% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 479,202 shares of the company’s stock worth $25,470,000 after acquiring an additional 2,159 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. TD Securities raised their target price on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Scotiabank lifted their price objective 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 upped their target price on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley began coverage on Brookfield in a research report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price target for the company. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Brookfield presently has an average rating of “Moderate Buy” and an average price target of $64.00.

Brookfield Price Performance

BN stock opened at $51.77 on Monday. The stock has a market cap of $85.25 billion, a PE ratio of 172.57 and a beta of 1.65. Brookfield Co. has a 12 month low of $38.18 and a 12 month high of $62.78. The company has a 50-day moving average price of $56.83 and a 200 day moving average price of $56.27. 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 (NYSE:BN) last announced its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. Equities research analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s dividend payout ratio (DPR) is presently 120.00%.

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.