Jane Street Group LLC purchased a new position in Brookfield Business Partners LP (NYSE:BBU) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,583 shares of the business services provider’s stock, valued at approximately $309,000.
Several other institutional investors have also bought and sold shares of the company. OMERS ADMINISTRATION Corp bought a new position in shares of Brookfield Business Partners in the 1st quarter worth about $240,324,000. CIBC Asset Management Inc lifted its position in shares of Brookfield Business Partners by 2.2% in the 1st quarter. CIBC Asset Management Inc now owns 2,823,297 shares of the business services provider’s stock worth $101,614,000 after buying an additional 61,825 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Brookfield Business Partners by 12.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,373,001 shares of the business services provider’s stock worth $49,442,000 after buying an additional 150,157 shares during the last quarter. Sentry Investments Corp. lifted its position in shares of Brookfield Business Partners by 2.8% in the 1st quarter. Sentry Investments Corp. now owns 962,274 shares of the business services provider’s stock worth $34,651,000 after buying an additional 26,000 shares during the last quarter. Finally, Toronto Dominion Bank lifted its position in shares of Brookfield Business Partners by 52.3% in the 1st quarter. Toronto Dominion Bank now owns 346,706 shares of the business services provider’s stock worth $12,328,000 after buying an additional 119,112 shares during the last quarter. Institutional investors own 76.45% of the company’s stock.
Get Brookfield Business Partners alerts:A number of research firms have recently issued reports on BBU. ValuEngine upgraded shares of Brookfield Business Partners from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. Citigroup raised their price target on shares of Brookfield Business Partners to $46.00 and gave the stock a “buy” rating in a research report on Thursday, May 24th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $39.00 price target on shares of Brookfield Business Partners in a research report on Monday, April 23rd. Six equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus price target of $42.40.
Shares of NYSE:BBU opened at $38.72 on Thursday. Brookfield Business Partners LP has a fifty-two week low of $27.01 and a fifty-two week high of $41.42. The company has a current ratio of 1.24, a quick ratio of 1.04 and a debt-to-equity ratio of 0.74.
Brookfield Business Partners (NYSE:BBU) last issued its quarterly earnings data on Monday, May 7th. The business services provider reported ($0.53) earnings per share for the quarter. The firm had revenue of $8.19 billion during the quarter. Brookfield Business Partners had a negative net margin of 0.08% and a positive return on equity of 5.27%.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 29th. Investors of record on Thursday, May 31st were given a $0.063 dividend. The ex-dividend date was Wednesday, May 30th. This is an increase from Brookfield Business Partners’s previous quarterly dividend of $0.06. This represents a $0.25 annualized dividend and a yield of 0.65%.
Brookfield Business Partners Company Profile
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