Scotia Capital Inc. Has $392.50 Million Stake in Brookfield Co. (NYSE:BN)

Scotia Capital Inc. increased its holdings in Brookfield Co. (NYSE:BN - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,857,180 shares of the company's stock after purchasing an additional 158,859 shares during the quarter. Brookfield makes up 2.1% of Scotia Capital Inc.'s investment portfolio, making the stock its 11th biggest holding. Scotia Capital Inc. owned approximately 0.42% of Brookfield worth $392,500,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Compass Planning Associates Inc bought a new stake in shares of Brookfield in the 4th quarter valued at about $30,000. Prestige Wealth Management Group LLC lifted its stake in shares of 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. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Brookfield during the 4th quarter valued at approximately $48,000. Continuum Advisory LLC acquired a new stake in Brookfield during the 3rd quarter valued at approximately $55,000. Finally, Promus Capital LLC bought a new position in Brookfield during the 4th quarter worth approximately $55,000. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BN has been the subject of several recent analyst reports. 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. Scotiabank decreased their price target on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a report on Monday, April 7th. Morgan Stanley dropped their price objective on Brookfield from $83.00 to $61.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, TD Securities upped their target price on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.25.

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Brookfield Stock Down 0.2 %

Shares of BN stock traded down $0.12 on Tuesday, reaching $49.01. 1,520,683 shares of the company were exchanged, compared to its average volume of 2,818,882. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The company has a 50-day moving average of $54.01 and a 200-day moving average of $56.02. The company has a market cap of $80.70 billion, a price-to-earnings ratio of 163.37 and a beta of 1.60. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly 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 return on equity of 3.93% and a net margin of 0.75%. Analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.73%. The ex-dividend date was Friday, March 14th. Brookfield's payout ratio is currently 120.00%.

Brookfield Company 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.