Jackson Hill Advisors LLC Raises Position in Brookfield Co. (NYSE:BN)

Jackson Hill Advisors LLC increased its position in Brookfield Co. (NYSE:BN - Free Report) by 5.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 530,000 shares of the company's stock after buying an additional 29,000 shares during the quarter. Brookfield accounts for approximately 15.4% of Jackson Hill Advisors LLC's holdings, making the stock its biggest holding. Jackson Hill Advisors LLC's holdings in Brookfield were worth $30,448,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc raised its holdings in shares of Brookfield by 6.2% during the fourth quarter. CIBC Asset Management Inc now owns 14,178,133 shares of the company's stock valued at $814,585,000 after acquiring an additional 823,428 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Brookfield by 31.6% in the third quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company's stock worth $623,783,000 after buying an additional 2,818,716 shares in the last quarter. EdgePoint Investment Group Inc. lifted its holdings in Brookfield by 1.7% in the third quarter. EdgePoint Investment Group Inc. now owns 11,512,817 shares of the company's stock worth $611,383,000 after buying an additional 196,790 shares during the period. Toronto Dominion Bank boosted its position in 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 acquiring an additional 1,301,072 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Brookfield by 11.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,507,113 shares of the company's stock worth $373,527,000 after acquiring an additional 668,630 shares during the period. Hedge funds and other institutional investors own 61.60% of the company's stock.

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Brookfield Stock Up 0.0 %

Shares of NYSE BN traded up $0.02 during midday trading on Tuesday, hitting $55.37. The stock had a trading volume of 2,230,832 shares, compared to its average volume of 2,550,541. The business's 50 day moving average is $57.08 and its 200-day moving average is $56.08. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.78. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. The company has a market cap of $91.18 billion, a P/E ratio of 184.57 and a beta of 1.65.

Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating 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, analysts predict that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given 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 0.65%. Brookfield's dividend payout ratio (DPR) is presently 120.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BN shares. Scotiabank raised their target price on Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a research note on Monday, February 3rd. CIBC boosted their target price on shares of Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a report on Thursday, January 23rd. Morgan Stanley began coverage on shares of Brookfield in a research note on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 price target for the company. Finally, TD Securities boosted their price objective on shares of Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $64.00.

About Brookfield

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.