Deutsche Bank AG Increases Position in Brookfield Business Partners L.P. Limited Partnership Units (BBU)

Deutsche Bank AG increased its holdings in shares of Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU) by 93.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 223,422 shares of the business services provider’s stock after purchasing an additional 108,063 shares during the period. Deutsche Bank AG owned 0.34% of Brookfield Business Partners L.P. Limited Partnership Units worth $7,711,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in BBU. CIBC Asset Management Inc boosted its position in Brookfield Business Partners L.P. Limited Partnership Units by 29.3% during the 4th quarter. CIBC Asset Management Inc now owns 2,761,472 shares of the business services provider’s stock worth $95,501,000 after purchasing an additional 625,736 shares during the period. Acadian Asset Management LLC boosted its position in Brookfield Business Partners L.P. Limited Partnership Units by 181.8% during the 4th quarter. Acadian Asset Management LLC now owns 550,284 shares of the business services provider’s stock worth $19,010,000 after purchasing an additional 355,026 shares during the period. The Manufacturers Life Insurance Company boosted its position in Brookfield Business Partners L.P. Limited Partnership Units by 21.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,222,844 shares of the business services provider’s stock worth $42,213,000 after purchasing an additional 213,570 shares during the period. Renaissance Technologies LLC boosted its position in Brookfield Business Partners L.P. Limited Partnership Units by 132.7% during the 4th quarter. Renaissance Technologies LLC now owns 193,300 shares of the business services provider’s stock worth $6,675,000 after purchasing an additional 110,235 shares during the period. Finally, Bank of Montreal Can boosted its position in Brookfield Business Partners L.P. Limited Partnership Units by 2.8% during the 4th quarter. Bank of Montreal Can now owns 1,218,750 shares of the business services provider’s stock worth $42,072,000 after purchasing an additional 33,247 shares during the period. 65.97% of the stock is owned by hedge funds and other institutional investors.

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NYSE:BBU opened at $40.29 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.13 and a quick ratio of 0.94. The stock has a market capitalization of $2,553.45, a price-to-earnings ratio of 137.79 and a beta of 1.71. Brookfield Business Partners L.P. Limited Partnership Units has a 1-year low of $24.15 and a 1-year high of $41.42.

Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU) last posted its quarterly earnings data on Monday, February 12th. The business services provider reported ($0.35) earnings per share for the quarter. The firm had revenue of $8.38 billion during the quarter. Brookfield Business Partners L.P. Limited Partnership Units had a net margin of 0.94% and a return on equity of 5.30%.

A number of analysts recently weighed in on the stock. Royal Bank of Canada raised shares of Brookfield Business Partners L.P. Limited Partnership Units from a “sector perform” rating to an “outperform” rating and set a $41.00 price target for the company in a research report on Friday, March 16th. Scotiabank upped their price objective on shares of Brookfield Business Partners L.P. Limited Partnership Units from $33.50 to $37.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. Credit Suisse Group upped their price objective on shares of Brookfield Business Partners L.P. Limited Partnership Units to $42.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. Finally, Citigroup started coverage on shares of Brookfield Business Partners L.P. Limited Partnership Units in a research report on Wednesday, December 20th. They issued a “buy” rating and a $39.00 price objective for the company. Five investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus price target of $41.40.

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Brookfield Business Partners L.P. Limited Partnership Units Company Profile

Institutional Ownership by Quarter for Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU)

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