Blair William & Co. IL lifted its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,740 shares of the company's stock after acquiring an additional 5,223 shares during the period. Blair William & Co. IL's holdings in Brookfield were worth $6,592,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the company. Haverford Trust Co boosted its position in Brookfield by 4.7% during the fourth quarter. Haverford Trust Co now owns 4,308 shares of the company's stock valued at $247,000 after purchasing an additional 192 shares during the last quarter. Pittenger & Anderson Inc. grew its position in shares of Brookfield by 14.9% in the 4th quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company's stock valued at $90,000 after acquiring an additional 203 shares during the period. Pinnacle Bancorp Inc. increased its stake in shares of Brookfield by 29.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock worth $56,000 after purchasing an additional 221 shares during the last quarter. Citizens Financial Group Inc. RI lifted its stake in Brookfield by 5.8% in the 4th quarter. Citizens Financial Group Inc. RI now owns 4,350 shares of the company's stock valued at $250,000 after purchasing an additional 240 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Brookfield by 10.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company's stock valued at $148,000 after buying an additional 245 shares during the last quarter. Institutional investors own 61.60% of the company's stock.
Analyst Ratings Changes
Several equities analysts have commented on the stock. Scotiabank upped their price objective on shares of Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a report on Monday, February 3rd. CIBC lifted their price target on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a report on Thursday, January 23rd. Morgan Stanley started coverage on shares of Brookfield in a research report on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 target price for the company. Finally, TD Securities lifted their price objective on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Brookfield currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.00.
Check Out Our Latest Analysis on Brookfield
Brookfield Trading Down 8.2 %
Brookfield stock traded down $4.12 during trading hours on Friday, hitting $46.23. The stock had a trading volume of 6,913,040 shares, compared to its average volume of 2,771,423. The business's 50 day simple moving average is $56.03 and its 200-day simple moving average is $56.24. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78. The stock has a market cap of $76.13 billion, a price-to-earnings ratio of 154.12 and a beta of 1.65. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40.
Brookfield (NYSE:BN - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.13. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. On average, equities analysts predict that Brookfield Co. will post 3.85 EPS for the current fiscal year.
Brookfield Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.78%. The ex-dividend date was Friday, March 14th. Brookfield's payout ratio is presently 120.00%.
Brookfield Company Profile
(
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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