Brookfield Co. (NYSE:BN) is Akre Capital Management LLC's 4th Largest Position

Akre Capital Management LLC boosted its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,969,179 shares of the company's stock after purchasing an additional 30,748 shares during the period. Brookfield comprises 9.4% of Akre Capital Management LLC's portfolio, making the stock its 4th largest holding. Akre Capital Management LLC owned about 1.15% of Brookfield worth $1,089,779,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. MML Investors Services LLC lifted its position in shares of Brookfield by 11.2% during the 3rd quarter. MML Investors Services LLC now owns 13,372 shares of the company's stock valued at $711,000 after buying an additional 1,347 shares in the last quarter. Barclays PLC grew its holdings in Brookfield by 521.1% during the 3rd quarter. Barclays PLC now owns 71,402 shares of the company's stock valued at $3,794,000 after buying an additional 59,906 shares in the last quarter. Virtu Financial LLC bought a new stake in Brookfield in the 3rd quarter worth approximately $211,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Brookfield during the 3rd quarter worth approximately $784,000. Finally, Blankinship & Foster LLC bought a new position in shares of Brookfield during the 3rd quarter valued at approximately $32,389,000. 61.60% of the stock is owned by institutional investors.

Brookfield Trading Up 2.2 %

BN stock traded up $1.09 during trading on Wednesday, hitting $51.14. The company had a trading volume of 1,462,963 shares, compared to its average volume of 2,807,074. 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 50 day simple moving average of $52.79 and a 200-day simple moving average of $55.84. The firm has a market capitalization of $84.21 billion, a P/E ratio of 170.47 and a beta of 1.60. Brookfield Co. has a 52-week low of $39.27 and a 52-week high of $62.78.

Brookfield (NYSE:BN - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates 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, research analysts forecast that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Friday, March 14th. Brookfield's payout ratio is 120.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. CIBC increased their price objective on shares of Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research report on Thursday, January 23rd. Morgan Stanley dropped their price target on Brookfield from $83.00 to $61.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Scotiabank decreased their price objective on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 7th. TD Securities boosted 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. Finally, JPMorgan Chase & Co. lowered their price target on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $62.88.

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.