Brookfield Co. (NYSE:BN) Shares Acquired by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC grew its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 149.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,724 shares of the company's stock after acquiring an additional 6,425 shares during the quarter. Douglass Winthrop Advisors LLC's holdings in Brookfield were worth $616,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Compass Planning Associates Inc purchased a new stake in Brookfield during the fourth quarter valued at about $30,000. FSA Wealth Management LLC acquired a new position in shares of Brookfield in the 3rd quarter valued at about $42,000. Prestige Wealth Management Group LLC grew its holdings in shares of Brookfield by 137.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company's stock worth $46,000 after purchasing an additional 500 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Brookfield during the 4th quarter worth approximately $48,000. Finally, Continuum Advisory LLC purchased a new position in Brookfield in the third quarter valued at approximately $55,000. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Stock Up 0.0 %

Shares of Brookfield stock traded up $0.02 during trading hours on Tuesday, hitting $55.37. 2,316,019 shares of the company's stock traded hands, compared to its average volume of 2,534,336. Brookfield Co. has a twelve month low of $38.18 and a twelve month high of $62.78. The company has a market cap of $91.18 billion, a PE ratio of 184.57 and a beta of 1.65. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. The stock has a 50 day simple moving average of $57.08 and a 200-day simple moving average of $56.15.

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

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.65%. Brookfield's dividend payout ratio (DPR) is presently 120.00%.

Analysts Set New Price Targets

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

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.