EverSource Wealth Advisors LLC Has $107,000 Stake in Brookfield Co. (NYSE:BN)

EverSource Wealth Advisors LLC trimmed its position in shares of Brookfield Co. (NYSE:BN) by 43.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,871 shares of the company’s stock after selling 1,437 shares during the period. EverSource Wealth Advisors LLC’s holdings in Brookfield were worth $107,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in BN. Baillie Gifford & Co. raised its stake in shares of Brookfield by 809.5% in the 4th quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company’s stock valued at $211,159,000 after acquiring an additional 3,271,403 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Brookfield by 31.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock valued at $623,783,000 after acquiring an additional 2,818,716 shares in the last quarter. Regents of The University of California bought a new position in shares of Brookfield in the 4th quarter valued at approximately $154,140,000. Raymond James Financial Inc. bought a new position in shares of Brookfield in the 4th quarter valued at approximately $82,795,000. Finally, Toronto Dominion Bank raised its stake in shares of Brookfield by 23.4% in the 3rd quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock valued at $364,152,000 after acquiring an additional 1,301,072 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Stock Performance

BN opened at $52.19 on Wednesday. The stock has a market cap of $85.90 billion, a PE ratio of 173.96 and a beta of 1.65. 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. The stock’s 50 day simple moving average is $57.28 and its 200-day simple moving average is $55.91.

Brookfield (NYSE:BN) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts forecast that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.69%. Brookfield’s dividend payout ratio is currently 120.00%.

Analysts Set New Price Targets

Several research analysts have commented on BN shares. Scotiabank lifted their price target on Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 3rd. TD Securities lifted their price target on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. CIBC lifted their price target on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley started coverage on Brookfield in a research report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price target on the stock. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.