Bryn Mawr Capital Management LLC Grows Position in Brookfield Co. (NYSE:BN)

Bryn Mawr Capital Management LLC raised its position in Brookfield Co. (NYSE:BN - Free Report) by 259.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 26,398 shares of the company's stock after buying an additional 19,062 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Brookfield were worth $1,517,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Brookfield by 131.9% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company's stock valued at $24,594,000 after buying an additional 263,375 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Brookfield by 5.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company's stock worth $9,764,000 after acquiring an additional 9,915 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Brookfield by 10.9% in 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 period. Charles Schwab Investment Management Inc. increased its stake in Brookfield by 10.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company's stock valued at $189,507,000 after purchasing an additional 351,231 shares in the last quarter. Finally, Partners Group Holding AG increased its stake in Brookfield by 53.5% in the 3rd quarter. Partners Group Holding AG now owns 409,303 shares of the company's stock valued at $21,754,000 after purchasing an additional 142,603 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company's stock.

Wall Street Analysts Forecast Growth

BN has been the topic of several research reports. Morgan Stanley began coverage on Brookfield in a report on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 target price on the stock. CIBC increased their price objective on shares of Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research note on Thursday, January 23rd. 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 research report on Monday, February 3rd. TD Securities upped their price target on shares of Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Finally, BMO Capital Markets reissued 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. One equities research analyst has rated the stock with a hold rating and six have assigned 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 Trading Down 2.3 %

Shares of Brookfield stock traded down $1.35 during mid-day trading on Friday, hitting $58.68. 3,478,451 shares of the stock were exchanged, compared to its average volume of 2,257,443. The stock has a market capitalization of $96.59 billion, a price-to-earnings ratio of 195.60 and a beta of 1.57. Brookfield Co. has a twelve month low of $38.18 and a twelve month high of $62.78. 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 50-day simple moving average of $58.54 and a 200 day simple moving average of $54.89.

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

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield's dividend payout ratio (DPR) is 106.67%.

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.