Timber Creek Capital Management LLC Decreases Position in Brookfield Co. (NYSE:BN)

Timber Creek Capital Management LLC lessened its holdings in Brookfield Co. (NYSE:BN) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 153,633 shares of the company’s stock after selling 2,102 shares during the period. Brookfield makes up approximately 2.5% of Timber Creek Capital Management LLC’s portfolio, making the stock its 11th largest position. Timber Creek Capital Management LLC’s holdings in Brookfield were worth $8,826,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BN. Pittenger & Anderson Inc. lifted its position in shares of Brookfield by 14.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company’s stock worth $90,000 after purchasing an additional 203 shares during the last quarter. Pinnacle Bancorp Inc. lifted its position in shares of Brookfield by 29.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after purchasing an additional 221 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Brookfield by 10.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company’s stock worth $148,000 after purchasing an additional 245 shares during the last quarter. Joel Isaacson & Co. LLC lifted its position in shares of Brookfield by 5.3% during the 4th quarter. Joel Isaacson & Co. LLC now owns 5,625 shares of the company’s stock worth $323,000 after purchasing an additional 283 shares during the last quarter. Finally, First Trust Direct Indexing L.P. lifted its position in shares of Brookfield by 2.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company’s stock worth $551,000 after purchasing an additional 292 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Performance

NYSE:BN opened at $61.29 on Wednesday. The firm has a 50 day simple moving average of $58.52 and a 200-day simple moving average of $54.82. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. The firm has a market cap of $100.88 billion, a PE ratio of 130.41 and a beta of 1.57. 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, beating analysts’ consensus estimates of $0.88 by $0.13. Brookfield had a net margin of 1.00% and a return on equity of 3.74%. On average, equities analysts expect that Brookfield Co. will post 3.83 EPS for the current year.

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.59%. The ex-dividend date is Friday, March 14th. Brookfield’s dividend payout ratio (DPR) is 68.09%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BN shares. Morgan Stanley started coverage on shares of Brookfield in a research note on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price target on the stock. TD Securities lifted their price target on shares of Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. CIBC lifted their price target on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. Scotiabank lifted their price target 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. Finally, BMO Capital Markets restated an “outperform” rating and issued a $62.00 price objective (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.