Banco BTG Pactual S.A. Has $7.15 Million Holdings in Brookfield Co. (NYSE:BN)

Banco BTG Pactual S.A. reduced its position in shares of Brookfield Co. (NYSE:BN) by 44.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 124,275 shares of the company’s stock after selling 100,000 shares during the period. Brookfield comprises 1.7% of Banco BTG Pactual S.A.’s investment portfolio, making the stock its 14th largest holding. Banco BTG Pactual S.A.’s holdings in Brookfield were worth $7,152,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Compass Planning Associates Inc bought a new stake in shares of Brookfield in the 4th quarter valued at $30,000. FSA Wealth Management LLC acquired a new position in shares of Brookfield during the third quarter worth approximately $42,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Brookfield during the fourth quarter worth $48,000. Prestige Wealth Management Group LLC lifted its position in Brookfield by 137.0% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after acquiring an additional 500 shares in the last quarter. Finally, Promus Capital LLC bought a new position in shares of Brookfield in the fourth quarter valued at approximately $55,000. Institutional investors own 61.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BN. CIBC boosted their target price on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. Morgan Stanley started coverage on shares of Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price on the stock. TD Securities raised their target price on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, Scotiabank upped their price target on Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $64.00.

Brookfield Trading Up 0.0 %

NYSE:BN opened at $55.37 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. The company has a fifty day moving average of $57.08 and a 200 day moving average of $56.15. The firm has a market capitalization of $91.18 billion, a P/E ratio of 184.57 and a beta of 1.65. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.78.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. On average, research analysts predict that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.65%. The ex-dividend date is Friday, March 14th. Brookfield’s dividend payout ratio (DPR) is 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.