TD Waterhouse Canada Inc. Has $35.51 Million Stock Position in Brookfield Business Partners L.P. $BBU

TD Waterhouse Canada Inc. increased its stake in shares of Brookfield Business Partners L.P. (NYSE:BBU) by 1.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,119,781 shares of the business services provider’s stock after buying an additional 17,508 shares during the quarter. TD Waterhouse Canada Inc. owned 1.26% of Brookfield Business Partners worth $35,513,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Gold Investment Management Ltd. boosted its stake in Brookfield Business Partners by 5.4% in the third quarter. Gold Investment Management Ltd. now owns 44,270 shares of the business services provider’s stock worth $1,452,000 after purchasing an additional 2,276 shares in the last quarter. Bank of America Corp DE boosted its position in Brookfield Business Partners by 30,100.0% in the 2nd quarter. Bank of America Corp DE now owns 1,208 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,204 shares during the last quarter. Northwest & Ethical Investments L.P. acquired a new stake in shares of Brookfield Business Partners in the 2nd quarter valued at $391,000. Legal & General Group Plc acquired a new stake in shares of Brookfield Business Partners in the 2nd quarter valued at $3,373,000. Finally, JPMorgan Chase & Co. raised its position in shares of Brookfield Business Partners by 636.4% during the second quarter. JPMorgan Chase & Co. now owns 36,027 shares of the business services provider’s stock worth $934,000 after acquiring an additional 31,135 shares during the last quarter. Institutional investors and hedge funds own 85.04% of the company’s stock.

Brookfield Business Partners Stock Down 0.2%

Shares of NYSE:BBU opened at $34.55 on Thursday. The company has a 50 day moving average price of $35.14 and a two-hundred day moving average price of $31.46. The company has a debt-to-equity ratio of 2.84, a quick ratio of 1.41 and a current ratio of 1.71. The company has a market capitalization of $3.03 billion, a PE ratio of -19.19 and a beta of 1.31. Brookfield Business Partners L.P. has a 52 week low of $18.63 and a 52 week high of $37.38.

Brookfield Business Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, November 28th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, November 28th. Brookfield Business Partners’s payout ratio is presently -13.89%.

Analyst Ratings Changes

Several research analysts have recently issued reports on BBU shares. Scotiabank set a $39.00 target price on shares of Brookfield Business Partners and gave the company an “outperform” rating in a research note on Thursday, October 2nd. National Bankshares increased their price objective on shares of Brookfield Business Partners from $39.00 to $43.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Brookfield Business Partners in a research note on Wednesday, January 21st. Finally, Zacks Research upgraded shares of Brookfield Business Partners from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.00.

Brookfield Business Partners Profile

Brookfield Business Partners L.P. (NYSE: BBU) is a publicly traded partnership sponsored by Brookfield Asset Management. The company focuses on acquiring and operating high-quality businesses across a range of industrial and service-oriented sectors. Through a partnership structure, Brookfield Business Partners seeks to provide investors with returns generated from stable, cash-flowing enterprises that benefit from Brookfield Asset Management’s global scale and operational expertise.

The company’s investment strategy centers on businesses within the industrial services, manufacturing, transportation, and business services segments.