HUB Investment Partners LLC bought a new position in Brookfield Co. (NYSE:BN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,001 shares of the company's stock, valued at approximately $689,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Brookfield by 131.9% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company's stock worth $24,594,000 after purchasing an additional 263,375 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Brookfield by 5.7% in the third quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company's stock worth $9,764,000 after buying an additional 9,915 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Brookfield by 10.9% in the third quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company's stock valued at $320,670,000 after buying an additional 591,757 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Brookfield by 10.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company's stock valued at $189,507,000 after acquiring an additional 351,231 shares during the last quarter. Finally, Partners Group Holding AG boosted its stake in shares of Brookfield by 53.5% during the 3rd quarter. Partners Group Holding AG now owns 409,303 shares of the company's stock worth $21,754,000 after acquiring an additional 142,603 shares in the last quarter. 61.60% of the stock is owned by institutional investors.
Brookfield Stock Up 0.0 %
Shares of BN traded up $0.02 during trading hours on Tuesday, reaching $55.37. The company's stock had a trading volume of 2,316,019 shares, compared to its average volume of 2,550,541. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. The firm has a market cap of $91.18 billion, a price-to-earnings ratio of 184.57 and a beta of 1.65. The company has a 50 day moving average of $57.08 and a two-hundred day moving average of $56.08. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.78.
Brookfield (NYSE:BN - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.13. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. As a group, research analysts predict that Brookfield Co. will post 3.85 EPS for the current fiscal year.
Brookfield Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.65%. Brookfield's dividend payout ratio (DPR) is currently 120.00%.
Analysts Set New Price Targets
BN has been the topic of a number of recent analyst reports. Morgan Stanley started coverage on Brookfield in a research report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 target price on the stock. CIBC upped their price objective on shares of Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research note on Thursday, January 23rd. Scotiabank raised their target price on shares of Brookfield from $69.00 to $71.00 and gave the stock a "sector outperform" rating in a report on Monday, February 3rd. Finally, TD Securities boosted their price target on shares of Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Brookfield currently has an average rating of "Moderate Buy" and a consensus target price of $64.00.
Check Out Our Latest Analysis on BN
Brookfield Company Profile
(
Free Report)
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.
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