Aviso Financial Inc. lifted its position in shares of Brookfield Co. (NYSE:BN - Free Report) by 2.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,506,285 shares of the company's stock after acquiring an additional 34,857 shares during the quarter. Brookfield makes up 4.4% of Aviso Financial Inc.'s investment portfolio, making the stock its 5th largest position. Aviso Financial Inc. owned approximately 0.09% of Brookfield worth $86,555,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. increased its stake in shares of Brookfield by 14.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company's stock worth $90,000 after purchasing an additional 203 shares in the last quarter. Pinnacle Bancorp Inc. boosted its holdings in Brookfield by 29.5% in the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock worth $56,000 after buying an additional 221 shares during the period. Citizens Financial Group Inc. RI grew its stake in Brookfield by 5.8% in the 4th quarter. Citizens Financial Group Inc. RI now owns 4,350 shares of the company's stock valued at $250,000 after buying an additional 240 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Brookfield by 10.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company's stock valued at $148,000 after acquiring an additional 245 shares during the period. Finally, Fisher Asset Management LLC lifted its position in shares of Brookfield by 2.7% during the fourth quarter. Fisher Asset Management LLC now owns 9,873 shares of the company's stock worth $567,000 after acquiring an additional 255 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on BN shares. CIBC boosted their price objective on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research note on Thursday, January 23rd. TD Securities raised their price objective on shares of Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Scotiabank upped 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, Morgan Stanley started coverage on shares of Brookfield in a report on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 price target for the company. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Brookfield currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.00.
View Our Latest Stock Analysis on Brookfield
Brookfield Price Performance
Brookfield stock traded up $0.41 during mid-day trading on Tuesday, hitting $52.19. 3,018,642 shares of the company traded hands, compared to its average volume of 2,527,890. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78. The stock has a market cap of $85.90 billion, a price-to-earnings ratio of 173.96 and a beta of 1.65. The stock has a fifty day moving average price of $57.38 and a 200-day moving average price of $55.90.
Brookfield (NYSE:BN - Get Free Report) last announced its earnings results 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%. On average, equities analysts predict 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. Stockholders of record on Friday, March 14th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.69%. Brookfield's dividend payout ratio (DPR) is presently 120.00%.
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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