96,210 Shares in Brookfield Co. (NYSE:BN) Purchased by AMS Capital Ltda

AMS Capital Ltda acquired a new position in Brookfield Co. (NYSE:BN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 96,210 shares of the company's stock, valued at approximately $5,529,000. Brookfield accounts for about 2.8% of AMS Capital Ltda's portfolio, making the stock its 12th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Brookfield by 131.9% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company's stock valued at $24,594,000 after buying an additional 263,375 shares during the period. PNC Financial Services Group Inc. grew its holdings in Brookfield by 5.7% during 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 in the last quarter. Geode Capital Management LLC grew its holdings in 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 buying an additional 591,757 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in 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 buying an additional 351,231 shares in the last quarter. Finally, Partners Group Holding AG grew its holdings in Brookfield by 53.5% during the third quarter. Partners Group Holding AG now owns 409,303 shares of the company's stock worth $21,754,000 after buying an additional 142,603 shares in the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Stock Performance

NYSE:BN traded up $0.37 during trading on Tuesday, reaching $61.29. The company's stock had a trading volume of 2,025,815 shares, compared to its average volume of 2,245,893. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17. The firm has a market cap of $100.88 billion, a price-to-earnings ratio of 130.41 and a beta of 1.57. Brookfield Co. has a 12 month low of $38.18 and a 12 month high of $62.78. The firm has a 50 day moving average of $58.52 and a 200-day moving average of $54.82.

Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.74% and a net margin of 1.00%. Research analysts expect that Brookfield Co. will post 3.83 EPS for the current fiscal year.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.59%. Brookfield's payout ratio is 68.09%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. BMO Capital Markets reiterated an "outperform" rating and set a $62.00 price target (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. CIBC upped their price target on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a report on Thursday, January 23rd. TD Securities upped their price target on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Morgan Stanley began coverage on Brookfield in a research note on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 price objective for the company. Finally, Scotiabank upped their price objective on Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a research note on Monday, February 3rd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price 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.