Charles Schwab Investment Management Inc. boosted its holdings in Brookfield Co. (NYSE:BN - Free Report) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,788,312 shares of the company's stock after acquiring an additional 223,995 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.23% of Brookfield worth $217,631,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. grew its stake 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 purchasing an additional 203 shares during the period. Pinnacle Bancorp Inc. boosted its stake in Brookfield by 29.5% in the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock valued at $56,000 after buying an additional 221 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in 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 acquiring an additional 245 shares during the period. Fisher Asset Management LLC raised its stake in Brookfield by 2.7% during the fourth quarter. Fisher Asset Management LLC now owns 9,873 shares of the company's stock worth $567,000 after acquiring an additional 255 shares in the last quarter. Finally, Joel Isaacson & Co. LLC lifted its holdings in shares of Brookfield by 5.3% during the fourth quarter. Joel Isaacson & Co. LLC now owns 5,625 shares of the company's stock valued at $323,000 after acquiring an additional 283 shares during the period. Institutional investors and hedge funds own 61.60% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the stock. Scotiabank upped their target price on shares of Brookfield from $69.00 to $71.00 and gave the stock a "sector outperform" rating in a report on Monday, February 3rd. Morgan Stanley initiated coverage on shares of Brookfield in a research note on Thursday, January 23rd. They set an "overweight" rating and a $80.00 price objective on the stock. CIBC raised their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a report on Thursday, January 23rd. BMO Capital Markets reissued an "outperform" rating and issued a $62.00 target price (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. Finally, TD Securities raised their price target on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.00.
Read Our Latest Research Report on BN
Brookfield Price Performance
Shares of Brookfield stock traded down $1.81 during midday trading on Monday, reaching $50.28. The company had a trading volume of 5,574,422 shares, compared to its average volume of 2,502,443. The stock has a fifty day simple moving average of $58.25 and a 200 day simple moving average of $55.85. The company has a market capitalization of $82.77 billion, a price-to-earnings ratio of 167.62 and a beta of 1.65. Brookfield Co. has a 1-year low of $38.18 and a 1-year 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.
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, topping 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%. As a group, equities research analysts forecast that Brookfield Co. will post 3.85 earnings per share for the current year.
Brookfield Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.72%. Brookfield's payout ratio is currently 120.00%.
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.
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