Barclays PLC lifted its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 77,947 shares of the company's stock after purchasing an additional 6,545 shares during the quarter. Barclays PLC's holdings in Brookfield were worth $4,478,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in Brookfield during the fourth quarter worth about $973,591,000. Baillie Gifford & Co. boosted its position in shares of Brookfield by 809.5% during the 4th quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company's stock worth $211,159,000 after acquiring an additional 3,271,403 shares in the last quarter. Regents of The University of California bought a new position in Brookfield in the fourth quarter valued at approximately $154,140,000. Geode Capital Management LLC lifted its stake in Brookfield by 32.0% during the fourth quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company's stock worth $460,489,000 after purchasing an additional 1,930,218 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in Brookfield by 51.9% during the fourth quarter. Bessemer Group Inc. now owns 4,839,267 shares of the company's stock worth $278,016,000 after purchasing an additional 1,652,935 shares during the last quarter. Institutional investors own 61.60% of the company's stock.
Brookfield Price Performance
Shares of NYSE:BN opened at $53.33 on Monday. The firm has a market cap of $87.86 billion, a PE ratio of 177.77 and a beta of 1.60. Brookfield Co. has a 52 week low of $39.78 and a 52 week high of $62.78. The firm's fifty day moving average is $52.27 and its 200-day moving average is $55.86. 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 announced its quarterly earnings results on Thursday, February 13th. The company reported $1.01 EPS 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%. Sell-side analysts predict that Brookfield Co. will post 3.85 earnings per share for the current year.
Brookfield Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid 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 0.68%. Brookfield's dividend payout ratio (DPR) is currently 120.00%.
Analyst Ratings Changes
A number of research firms have recently commented on BN. CIBC boosted 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 increased their target price on shares of Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Scotiabank decreased their price target on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a report on Monday, April 7th. JPMorgan Chase & Co. cut their target price on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, Morgan Stanley decreased their target price on shares of Brookfield from $83.00 to $61.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. One research 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 a consensus rating of "Moderate Buy" and an average target price of $62.88.
Check Out Our Latest Stock Analysis on BN
About Brookfield
(
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.
See Also
Want to see what other hedge funds are holding BN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Co. (NYSE:BN - Free Report).
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