Baillie Gifford & Co. Boosts Stake in Brookfield Co. (NYSE:BN)

Baillie Gifford & Co. increased its position in Brookfield Co. (NYSE:BN - Free Report) by 809.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,675,524 shares of the company's stock after buying an additional 3,271,403 shares during the period. Baillie Gifford & Co. owned about 0.22% of Brookfield worth $211,159,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its holdings in shares of Brookfield by 31.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company's stock valued at $623,783,000 after purchasing an additional 2,818,716 shares during the last quarter. EdgePoint Investment Group Inc. boosted its holdings in shares of Brookfield by 1.7% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 11,512,817 shares of the company's stock valued at $611,383,000 after purchasing an additional 196,790 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of Brookfield by 23.4% during the 3rd quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company's stock valued at $364,152,000 after purchasing an additional 1,301,072 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Brookfield by 10.9% during the 3rd quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company's stock valued at $320,670,000 after purchasing an additional 591,757 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Brookfield by 10.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company's stock valued at $189,507,000 after purchasing an additional 351,231 shares during the last quarter. Institutional investors own 61.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BN. TD Securities upped their price objective on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Scotiabank increased their target price on shares of Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a research note on Monday, February 3rd. Morgan Stanley assumed coverage on shares of Brookfield in a research note on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 target price on the stock. BMO Capital Markets reissued an "outperform" rating and issued a $62.00 price objective (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Finally, CIBC increased 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. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Brookfield currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.00.

Brookfield Trading Down 0.9 %

BN traded down $0.52 during trading on Thursday, hitting $60.00. 1,397,335 shares of the stock were exchanged, compared to its average volume of 2,220,346. The firm has a 50 day simple moving average of $58.53 and a 200 day simple moving average of $54.86. The firm has a market cap of $98.76 billion, a price-to-earnings ratio of 199.99 and a beta of 1.57. Brookfield Co. has a 1 year low of $38.18 and a 1 year high of $62.78. 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 (NYSE:BN - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. As a group, equities analysts expect that Brookfield Co. will post 3.9 EPS for the current year.

Brookfield Dividend Announcement

The firm also recently declared 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. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Friday, March 14th. Brookfield's payout ratio is presently 106.67%.

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.