Forsta AP Fonden raised its position in Brookfield Co. (NYSE:BN - Free Report) by 4.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 287,200 shares of the company's stock after acquiring an additional 13,300 shares during the period. Forsta AP Fonden's holdings in Brookfield were worth $16,499,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Brookfield by 131.9% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company's stock worth $24,594,000 after buying an additional 263,375 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Brookfield by 5.7% in the third quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company's stock valued at $9,764,000 after buying an additional 9,915 shares during the period. Geode Capital Management LLC grew its holdings in Brookfield by 10.9% during the 3rd quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company's stock worth $320,670,000 after acquiring an additional 591,757 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Brookfield by 10.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company's stock valued at $189,507,000 after acquiring an additional 351,231 shares during the last quarter. Finally, Partners Group Holding AG grew its stake in shares of Brookfield by 53.5% in the third quarter. Partners Group Holding AG now owns 409,303 shares of the company's stock worth $21,754,000 after purchasing an additional 142,603 shares during the last quarter. 61.60% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on BN. CIBC raised their price objective on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a research report on Thursday, January 23rd. Morgan Stanley assumed coverage on shares of Brookfield in a research report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 price target on the stock. Scotiabank raised their target price on Brookfield from $65.00 to $69.00 and gave the stock a "sector outperform" rating in a research note on Friday, November 15th. Finally, BMO Capital Markets restated an "outperform" rating and issued a $62.00 target price (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Brookfield currently has a consensus rating of "Moderate Buy" and an average target price of $60.06.
Read Our Latest Report on Brookfield
Brookfield Price Performance
NYSE BN traded up $1.65 on Thursday, hitting $62.11. The stock had a trading volume of 379,261 shares, compared to its average volume of 2,322,942. The firm has a 50-day moving average of $58.53 and a 200-day moving average of $53.47. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17. Brookfield Co. has a 52-week low of $38.18 and a 52-week high of $62.44. The company has a market capitalization of $102.22 billion, a price-to-earnings ratio of 132.15 and a beta of 1.56.
Brookfield Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Monday, December 16th. Brookfield's payout ratio is 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.
See Also
Before you consider Brookfield, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brookfield wasn't on the list.
While Brookfield currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
