O Shaughnessy Asset Management LLC Buys 7,772 Shares of Brookfield Co. (NYSE:BN)

O Shaughnessy Asset Management LLC boosted its position in Brookfield Co. (NYSE:BN - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 309,257 shares of the company's stock after acquiring an additional 7,772 shares during the period. O Shaughnessy Asset Management LLC's holdings in Brookfield were worth $17,757,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BN. Norges Bank bought a new position in shares of Brookfield during the fourth quarter valued at approximately $973,591,000. Baillie Gifford & Co. lifted its position in shares of Brookfield by 809.5% in the 4th quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company's stock worth $211,159,000 after purchasing an additional 3,271,403 shares during the period. Regents of The University of California bought a new stake in shares of Brookfield during the 4th quarter valued at about $154,140,000. Raymond James Financial Inc. purchased a new position in shares of Brookfield during the fourth quarter valued at about $82,795,000. Finally, Toronto Dominion Bank raised its stake in Brookfield by 23.4% in the third quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company's stock worth $364,152,000 after buying an additional 1,301,072 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company's stock.

Brookfield Stock Down 8.2 %

Brookfield stock traded down $4.12 during mid-day trading on Friday, reaching $46.23. The stock had a trading volume of 6,913,040 shares, compared to its average volume of 2,771,395. The company has a market capitalization of $76.13 billion, a price-to-earnings ratio of 154.12 and a beta of 1.65. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78. The company has a 50-day moving average price of $56.03 and a two-hundred day moving average price of $56.24.

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

Brookfield Announces Dividend

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 $0.09 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.78%. Brookfield's payout ratio is 120.00%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Scotiabank lifted 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. TD Securities upped their price target on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. CIBC boosted their target price on shares of Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a report on Thursday, January 23rd. Finally, Morgan Stanley assumed coverage on shares of Brookfield in a research note on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 price target for the company. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $64.00.

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.