Brookfield Co. (NYSE:BN) Stake Raised by Clearbridge Investments LLC

Clearbridge Investments LLC raised its stake in Brookfield Co. (NYSE:BN - Free Report) by 29.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,222,358 shares of the company's stock after purchasing an additional 505,441 shares during the quarter. Clearbridge Investments LLC owned about 0.14% of Brookfield worth $127,674,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Compass Planning Associates Inc purchased a new stake in shares of Brookfield during the 4th quarter valued at about $30,000. FSA Wealth Management LLC acquired a new stake in Brookfield in the third quarter valued at approximately $42,000. Prestige Wealth Management Group LLC raised its stake in shares of Brookfield by 137.0% during the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company's stock valued at $46,000 after purchasing an additional 500 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Brookfield during the fourth quarter worth $48,000. Finally, Continuum Advisory LLC purchased a new position in shares of Brookfield in the third quarter valued at $55,000. Institutional investors and hedge funds own 61.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. TD Securities boosted their price objective on shares of Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Morgan Stanley began coverage on Brookfield in a research note on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 price target on the stock. CIBC raised their price objective on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research note on Thursday, January 23rd. Finally, Scotiabank upped their target price on Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $64.00.

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Brookfield Stock Performance

Shares of NYSE:BN traded down $4.12 during trading on Friday, reaching $46.23. 6,913,040 shares of the company's stock traded hands, compared to its average volume of 2,771,395. The stock has a market capitalization of $76.13 billion, a P/E ratio of 154.12 and a beta of 1.65. Brookfield Co. has a 12 month low of $38.18 and a 12 month high of $62.78. The company has a 50 day moving average of $56.03 and a 200-day moving average of $56.24. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly 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 return on equity of 3.93% and a net margin of 0.75%. On average, equities analysts expect that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Friday, March 14th. Brookfield's payout ratio is 120.00%.

Brookfield Company 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.