Stratos Wealth Partners LTD. boosted its holdings in Brookfield Co. (NYSE:BN - Free Report) by 50.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,972 shares of the company's stock after buying an additional 4,988 shares during the period. Stratos Wealth Partners LTD.'s holdings in Brookfield were worth $860,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its holdings in shares of Brookfield by 31.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company's stock valued at $623,783,000 after acquiring an additional 2,818,716 shares in the last quarter. EdgePoint Investment Group Inc. grew its stake in Brookfield by 1.7% in the third quarter. EdgePoint Investment Group Inc. now owns 11,512,817 shares of the company's stock valued at $611,383,000 after purchasing an additional 196,790 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of Brookfield by 23.4% in the third quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company's stock valued at $364,152,000 after buying an additional 1,301,072 shares in the last quarter. Geode Capital Management LLC increased its holdings in Brookfield by 10.9% during the third quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company's stock worth $320,670,000 after buying an additional 591,757 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Brookfield by 10.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company's stock worth $189,507,000 after acquiring an additional 351,231 shares in the last quarter. 61.60% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on BN. BMO Capital Markets restated an "outperform" rating and set a $62.00 price objective (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Morgan Stanley started coverage on Brookfield in a research note on Thursday, January 23rd. They set an "overweight" rating and a $80.00 target price for the company. CIBC raised their price target on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a report on Thursday, January 23rd. TD Securities upped their price objective on shares of Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Scotiabank lifted their target price on shares of Brookfield from $69.00 to $71.00 and gave the stock a "sector outperform" rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $64.00.
Read Our Latest Stock Report on Brookfield
Brookfield Stock Performance
NYSE BN traded up $0.50 during trading on Friday, reaching $60.88. The company's stock had a trading volume of 2,339,349 shares, compared to its average volume of 2,253,193. The firm has a 50 day moving average price of $58.44 and a 200 day moving average price of $54.53. Brookfield Co. has a 12 month low of $38.18 and a 12 month high of $62.78. The firm has a market capitalization of $100.20 billion, a price-to-earnings ratio of 129.53 and a beta of 1.57. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.40.
Brookfield (NYSE:BN - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.13. Brookfield had a return on equity of 3.74% and a net margin of 1.00%. As a group, equities analysts anticipate that Brookfield Co. will post 3.83 EPS for the current fiscal year.
Brookfield Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield's payout ratio is currently 68.09%.
About Brookfield
(
Free Report)
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.
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