LPL Financial LLC Purchases 50,012 Shares of Brookfield Co. (NYSE:BN)

LPL Financial LLC increased its position in Brookfield Co. (NYSE:BN - Free Report) by 28.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,236 shares of the company's stock after buying an additional 50,012 shares during the period. LPL Financial LLC's holdings in Brookfield were worth $12,940,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Compass Planning Associates Inc purchased a new stake in shares of Brookfield during the 4th quarter valued at about $30,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Brookfield in the 4th quarter valued at approximately $48,000. Prestige Wealth Management Group LLC boosted its holdings in shares of 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 purchasing an additional 500 shares during the period. Promus Capital LLC bought a new position in shares of Brookfield during the 4th quarter valued at approximately $55,000. Finally, Continuum Advisory LLC purchased a new stake in Brookfield during the 3rd quarter valued at $55,000. 61.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

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Brookfield Trading Down 1.0 %

Shares of Brookfield stock traded down $0.44 on Monday, hitting $45.80. 8,453,870 shares of the company traded hands, compared to its average volume of 2,796,999. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. The company has a market cap of $75.42 billion, a PE ratio of 152.67 and a beta of 1.60. The stock's 50 day moving average price is $55.74 and its 200-day moving average price is $56.28. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.78.

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

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.79%. The ex-dividend date was Friday, March 14th. Brookfield's payout ratio is 120.00%.

Brookfield 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.