Bridgewater Associates LP Purchases Shares of 482,873 Brookfield Co. (NYSE:BN)

Bridgewater Associates LP acquired a new position in shares of Brookfield Co. (NYSE:BN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 482,873 shares of the company's stock, valued at approximately $27,740,000.

A number of other institutional investors also recently bought and sold shares of the business. Compass Planning Associates Inc acquired a new position in Brookfield in the 4th quarter valued at about $30,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Brookfield during the fourth quarter worth approximately $48,000. Promus Capital LLC acquired a new stake in shares of Brookfield during the fourth quarter worth $55,000. Pinnacle Bancorp Inc. grew its position in Brookfield by 29.5% in the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock valued at $56,000 after buying an additional 221 shares during the last quarter. Finally, Albion Financial Group UT acquired a new position in Brookfield in the 4th quarter valued at $57,000. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BN shares. Morgan Stanley dropped their price target on shares of Brookfield from $83.00 to $61.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. lowered their price target on Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday. CIBC boosted their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a research report on Thursday, January 23rd. TD Securities increased their target price on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Finally, Scotiabank cut their price target on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a report on Monday, April 7th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Brookfield has a consensus rating of "Moderate Buy" and a consensus price target of $62.88.

Brookfield Price Performance

BN traded up $0.87 on Friday, reaching $49.70. The company had a trading volume of 2,314,979 shares, compared to its average volume of 2,802,850. Brookfield Co. has a one year low of $38.51 and a one year high of $62.78. The company has a market capitalization of $81.84 billion, a P/E ratio of 165.67 and a beta of 1.60. The company has a fifty day moving average of $53.20 and a 200-day moving average of $55.87. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities research analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield's payout ratio is 120.00%.

Brookfield Profile

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.