FIL Ltd Has $1.17 Billion Stock Holdings in Brookfield Co. (NYSE:BN)

FIL Ltd increased its position in shares of Brookfield Co. (NYSE:BN - Free Report) by 8.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,354,516 shares of the company's stock after purchasing an additional 1,640,903 shares during the quarter. Brookfield makes up approximately 1.1% of FIL Ltd's holdings, making the stock its 14th biggest holding. FIL Ltd owned approximately 1.24% of Brookfield worth $1,169,912,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Compass Planning Associates Inc bought a new stake in Brookfield during the 4th quarter worth about $30,000. Prestige Wealth Management Group LLC lifted its holdings in Brookfield by 137.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company's stock worth $46,000 after buying an additional 500 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in Brookfield in the 4th quarter valued at $48,000. Continuum Advisory LLC bought a new stake in shares of Brookfield during the third quarter worth $55,000. Finally, Promus Capital LLC acquired a new position in shares of Brookfield during the fourth quarter valued at $55,000. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Stock Performance

Shares of Brookfield stock traded up $1.67 during trading on Friday, reaching $48.60. The company's stock had a trading volume of 4,065,869 shares, compared to its average volume of 2,821,710. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.78. The firm has a market cap of $80.03 billion, a PE ratio of 162.01 and a beta of 1.60. The business's 50-day moving average price is $54.22 and its 200-day moving average price is $56.05. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40.

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

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Friday, March 14th. Brookfield's dividend payout ratio (DPR) is currently 120.00%.

Analyst Upgrades and Downgrades

BN has been the topic of a number of research reports. CIBC upped their target price 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. Scotiabank cut their price target on shares of 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 increased their price target on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Finally, Morgan Stanley assumed 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. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $63.63.

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.