Allianz SE Invests $319,000 in Brookfield Co. (NYSE:BN)

Allianz SE acquired a new position in Brookfield Co. (NYSE:BN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,558 shares of the company's stock, valued at approximately $319,000.

A number of other institutional investors have also recently bought and sold shares of the business. Compass Planning Associates Inc bought a new position in shares of Brookfield in the fourth quarter worth $30,000. FSA Wealth Management LLC bought a new position in Brookfield in the 3rd quarter valued at about $42,000. Prestige Wealth Management Group LLC raised its position in shares of Brookfield by 137.0% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company's stock valued at $46,000 after buying an additional 500 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Brookfield during the 4th quarter worth approximately $48,000. Finally, Continuum Advisory LLC acquired a new stake in shares of Brookfield during the 3rd quarter worth approximately $55,000. Institutional investors own 61.60% of the company's stock.

Brookfield Trading Down 8.2 %

Shares of BN stock traded down $4.12 on Friday, hitting $46.23. The company had a trading volume of 6,913,040 shares, compared to its average volume of 2,771,423. The stock's 50-day moving average is $56.03 and its two-hundred day moving average is $56.24. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21. The firm has a market cap of $76.13 billion, a P/E ratio of 154.12 and a beta of 1.65. Brookfield Co. has a twelve month low of $38.18 and a twelve month high of $62.78.

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Brookfield (NYSE:BN - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, beating 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%. On average, equities research analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.09 per share. The ex-dividend date was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.78%. Brookfield's dividend payout ratio (DPR) is currently 120.00%.

Wall Street Analyst Weigh In

BN has been the subject of several research analyst reports. Morgan Stanley started coverage on shares of Brookfield in a research report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 price objective for the company. TD Securities upped their price objective on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Scotiabank lifted their target price on Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a research report on Monday, February 3rd. Finally, CIBC increased their target price on shares of Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a report on Thursday, January 23rd. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $64.00.

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.