Brookfield Co. (NYSE:BN) is Alberta Investment Management Corp's 4th Largest Position

Alberta Investment Management Corp lifted its holdings in Brookfield Co. (NYSE:BN - Free Report) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,334,991 shares of the company's stock after acquiring an additional 129,035 shares during the quarter. Brookfield accounts for 1.7% of Alberta Investment Management Corp's holdings, making the stock its 4th biggest position. Alberta Investment Management Corp owned approximately 0.26% of Brookfield worth $249,031,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. First Personal Financial Services purchased a new stake in Brookfield in the 3rd quarter worth approximately $42,000. FSA Wealth Management LLC acquired a new position in shares of Brookfield in the third quarter worth about $42,000. Prestige Wealth Management Group LLC grew its position in shares of Brookfield by 137.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company's stock valued at $46,000 after acquiring an additional 500 shares during the period. Continuum Advisory LLC purchased a new position in shares of Brookfield in the 3rd quarter valued at about $55,000. Finally, Pinnacle Bancorp Inc. raised its holdings in Brookfield by 29.5% in the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock worth $56,000 after purchasing an additional 221 shares during the period. Hedge funds and other institutional investors own 61.60% of the company's stock.

Wall Street Analyst Weigh In

BN has been the subject of a number of recent analyst reports. Scotiabank boosted their price objective on Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a research report on Monday, February 3rd. Morgan Stanley began coverage on shares of Brookfield in a research report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 price objective for the company. BMO Capital Markets reiterated an "outperform" rating and issued a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research report on Friday, November 15th. CIBC increased their target price on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a report on Thursday, January 23rd. Finally, TD Securities upped 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. One investment analyst has rated the stock with a hold rating and six have issued 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 target price of $64.00.

Brookfield Trading Down 2.3 %

NYSE:BN traded down $1.35 on Friday, hitting $58.68. The stock had a trading volume of 3,466,037 shares, compared to its average volume of 2,196,344. The company has a fifty day moving average price of $58.54 and a two-hundred day moving average price of $54.89. 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 stock has a market cap of $96.59 billion, a price-to-earnings ratio of 195.60 and a beta of 1.57.

Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings data 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 return on equity of 3.93% and a net margin of 0.75%. Equities research analysts expect that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.09 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.61%. Brookfield's dividend payout ratio (DPR) is currently 106.67%.

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.