Brookfield Co. (NYSE:BN) Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC grew its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,328,164 shares of the company's stock after purchasing an additional 25,911 shares during the quarter. Corient Private Wealth LLC owned approximately 0.20% of Brookfield worth $191,203,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Compass Planning Associates Inc purchased a new stake in Brookfield in the fourth quarter worth about $30,000. FSA Wealth Management LLC purchased a new stake in Brookfield in the third quarter worth about $42,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Brookfield in the fourth quarter worth about $48,000. Prestige Wealth Management Group LLC lifted its stake in Brookfield by 137.0% in the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company's stock worth $46,000 after acquiring an additional 500 shares during the period. Finally, Promus Capital LLC purchased a new stake in Brookfield in the fourth quarter worth about $55,000. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Stock Up 0.8 %

Shares of BN traded up $0.41 during mid-day trading on Tuesday, hitting $52.19. 2,888,223 shares of the company traded hands, compared to its average volume of 2,527,380. Brookfield Co. has a 1-year low of $38.18 and a 1-year 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 capitalization of $85.90 billion, a PE ratio of 173.96 and a beta of 1.65. The business has a 50 day moving average of $57.38 and a 200 day moving average of $55.90.

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Brookfield (NYSE:BN - Get Free Report) last posted 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 net margin of 0.75% and a return on equity of 3.93%. Equities research analysts anticipate that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued 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 0.69%. Brookfield's dividend payout ratio (DPR) is currently 120.00%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BN. TD Securities upped 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. CIBC upped their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a research note on Thursday, January 23rd. Morgan Stanley started coverage on shares of 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 increased their price target on shares of Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.