Toronto Dominion Bank Raises Holdings in Brookfield Business Partners L.P. (NYSE:BBU)

Toronto Dominion Bank raised its position in shares of Brookfield Business Partners L.P. (NYSE:BBU) by 12,276.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 260,769 shares of the business services provider’s stock after acquiring an additional 258,662 shares during the period. Toronto Dominion Bank owned approximately 0.35% of Brookfield Business Partners worth $6,076,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. National Bank of Canada FI grew its holdings in shares of Brookfield Business Partners by 20.6% during the 3rd quarter. National Bank of Canada FI now owns 97,584 shares of the business services provider’s stock worth $2,274,000 after purchasing an additional 16,684 shares during the period. Brookfield Corp ON increased its position in shares of Brookfield Business Partners by 1.7% in the third quarter. Brookfield Corp ON now owns 25,602,504 shares of the business services provider’s stock worth $596,538,000 after acquiring an additional 428,511 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Brookfield Business Partners by 13.6% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 773,975 shares of the business services provider’s stock worth $18,145,000 after acquiring an additional 92,413 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Brookfield Business Partners by 8.7% in the 3rd quarter. Bank of Montreal Can now owns 834,512 shares of the business services provider’s stock valued at $20,193,000 after acquiring an additional 66,786 shares during the period. Finally, Scheer Rowlett & Associates Investment Management Ltd. raised its stake in shares of Brookfield Business Partners by 14.7% in the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 641,835 shares of the business services provider’s stock valued at $15,047,000 after acquiring an additional 82,372 shares during the period. 85.04% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Business Partners Stock Down 2.5 %

Shares of NYSE BBU opened at $23.68 on Friday. The stock has a fifty day moving average price of $24.09 and a 200 day moving average price of $21.45. The company has a market cap of $1.76 billion, a P/E ratio of 2.92 and a beta of 1.48. Brookfield Business Partners L.P. has a 12-month low of $16.85 and a 12-month high of $26.75. The company has a current ratio of 1.17, a quick ratio of 0.95 and a debt-to-equity ratio of 2.12.

Brookfield Business Partners (NYSE:BBU) last posted its earnings results on Friday, November 8th. The business services provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.39. The business had revenue of $9.23 billion during the quarter. Brookfield Business Partners had a return on equity of 30.68% and a net margin of 11.77%. During the same quarter last year, the business posted $1.33 EPS. Research analysts anticipate that Brookfield Business Partners L.P. will post 5.43 EPS for the current fiscal year.

Brookfield Business Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a dividend of $0.063 per share. This is a boost from Brookfield Business Partners’s previous quarterly dividend of $0.06. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Business Partners’s payout ratio is presently 3.09%.

Brookfield Business Partners Company Profile

Brookfield Business Partners L.P. is a private equity firm specializing in acquisition. The firm typically invests in business services, infrastructure services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments.