Grantham Mayo Van Otterloo & Co. LLC Boosts Stake in Brookfield Co. (NYSE:BN)

Grantham Mayo Van Otterloo & Co. LLC lifted its position in Brookfield Co. (NYSE:BN - Free Report) by 17.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 412,138 shares of the company's stock after acquiring an additional 61,182 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in Brookfield were worth $23,677,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BN. Compass Planning Associates Inc purchased a new stake in Brookfield in the fourth quarter worth $30,000. Prestige Wealth Management Group LLC increased its stake in Brookfield by 137.0% in 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 during the period. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Brookfield during the 4th quarter valued at about $48,000. Continuum Advisory LLC bought a new stake in Brookfield during the 3rd quarter valued at about $55,000. Finally, Promus Capital LLC bought a new position in Brookfield in the 4th quarter worth about $55,000. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Stock Up 2.8 %

Shares of BN traded up $1.31 during trading hours on Friday, hitting $48.24. The company had a trading volume of 1,952,152 shares, compared to its average volume of 2,847,017. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78. The company's fifty day moving average price is $54.41 and its two-hundred day moving average price is $56.05. The company has a market capitalization of $79.44 billion, a PE ratio of 160.16 and a beta of 1.60. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40.

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Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.01 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%. As a group, equities analysts forecast that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.09 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.75%. Brookfield's dividend payout ratio (DPR) is 120.00%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Morgan Stanley started coverage on Brookfield in a report on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 price target for the company. TD Securities upped their target price on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. CIBC increased their price target on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a research report on Thursday, January 23rd. Finally, Scotiabank decreased their price objective on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a report on Monday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $63.63.

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.