Carbahal Olsen Financial Services Group LLC Purchases New Holdings in Brookfield Co. (NYSE:BN)

Carbahal Olsen Financial Services Group LLC purchased a new stake in shares of Brookfield Co. (NYSE:BN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,629 shares of the company's stock, valued at approximately $438,000. Brookfield comprises about 0.4% of Carbahal Olsen Financial Services Group LLC's investment portfolio, making the stock its 16th largest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BN. Compass Planning Associates Inc acquired a new position in Brookfield during the 4th quarter worth about $30,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Brookfield during the fourth quarter valued at approximately $48,000. Promus Capital LLC acquired a new stake in shares of Brookfield in the fourth quarter valued at approximately $55,000. Pinnacle Bancorp Inc. raised its position in Brookfield by 29.5% in 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. Finally, Albion Financial Group UT acquired a new position in Brookfield during the 4th quarter worth $57,000. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Stock Up 3.4 %

Shares of NYSE:BN traded up $1.73 during trading on Thursday, hitting $52.73. 935,720 shares of the company's stock traded hands, compared to its average volume of 3,102,073. The company has a 50-day moving average price of $52.59 and a 200-day moving average price of $55.81. Brookfield Co. has a 52 week low of $39.27 and a 52 week 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 market cap of $86.82 billion, a price-to-earnings ratio of 175.83 and a beta of 1.60.

Brookfield (NYSE:BN - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. As a group, research analysts forecast 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. Stockholders of record on Friday, March 14th were issued a $0.09 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.68%. Brookfield's dividend payout ratio (DPR) is presently 120.00%.

Wall Street Analyst Weigh In

BN has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. TD Securities boosted their price target on shares of Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Scotiabank lowered their target price on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a report on Monday, April 7th. CIBC raised their price target on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley cut their target price on Brookfield from $83.00 to $61.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.88.

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.