Maestria Partners LLC Takes $29.82 Million Position in Brookfield Co. (NYSE:BN)

Maestria Partners LLC bought a new stake in Brookfield Co. (NYSE:BN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 519,019 shares of the company's stock, valued at approximately $29,818,000. Brookfield makes up 11.8% of Maestria Partners LLC's holdings, making the stock its largest position.

Several other institutional investors also recently modified their holdings of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Brookfield by 131.9% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company's stock worth $24,594,000 after buying an additional 263,375 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Brookfield by 5.7% during the third quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company's stock valued at $9,764,000 after acquiring an additional 9,915 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Brookfield by 10.9% during the third quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company's stock worth $320,670,000 after purchasing an additional 591,757 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Brookfield by 10.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company's stock worth $189,507,000 after purchasing an additional 351,231 shares during the period. Finally, Partners Group Holding AG increased its holdings in Brookfield by 53.5% in the third quarter. Partners Group Holding AG now owns 409,303 shares of the company's stock valued at $21,754,000 after purchasing an additional 142,603 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

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Brookfield Stock Up 3.2 %

Shares of Brookfield stock traded up $1.73 during trading on Monday, reaching $55.38. 2,277,263 shares of the company traded hands, compared to its average volume of 2,550,715. The firm has a market capitalization of $91.19 billion, a PE ratio of 184.60 and a beta of 1.65. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.78. The company has a 50 day moving average price of $57.08 and a 200-day moving average price of $56.08. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, beating 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 expect that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The company also recently disclosed 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 presently 120.00%.

Wall Street Analysts Forecast Growth

BN has been the topic of a number of recent analyst reports. Scotiabank lifted their price objective on Brookfield from $69.00 to $71.00 and gave the stock a "sector outperform" rating in a research note on Monday, February 3rd. CIBC boosted their price target 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 upped their price objective on shares of Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, Morgan Stanley assumed coverage on shares of Brookfield in a research note on Thursday, January 23rd. They set an "overweight" rating and a $80.00 target price for the company. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Brookfield currently has an average rating of "Moderate Buy" and an average price target of $64.00.

Brookfield Company 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.