20,262 Shares in Brookfield Co. (NYSE:BN) Bought by Fayez Sarofim & Co

Fayez Sarofim & Co bought a new stake in Brookfield Co. (NYSE:BN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 20,262 shares of the company's stock, valued at approximately $1,164,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Compass Planning Associates Inc acquired a new position in shares of Brookfield in the fourth quarter valued at about $30,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Brookfield during the 4th quarter worth approximately $48,000. Transce3nd LLC bought a new position in shares of Brookfield during the fourth quarter worth approximately $51,000. Promus Capital LLC acquired a new stake in shares of Brookfield in the fourth quarter valued at approximately $55,000. Finally, Pinnacle Bancorp Inc. boosted its stake in shares of Brookfield by 29.5% in the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock valued at $56,000 after buying an additional 221 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Stock Up 0.8 %

Shares of NYSE BN traded up $0.41 during midday trading on Friday, hitting $53.33. 2,976,436 shares of the stock traded hands, compared to its average volume of 2,815,011. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21. Brookfield Co. has a one year low of $39.78 and a one year high of $62.78. The business has a 50 day moving average price of $52.43 and a two-hundred day moving average price of $55.81. The company has a market cap of $87.82 billion, a PE ratio of 177.77 and a beta of 1.60.

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

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Friday, March 14th. Brookfield's payout ratio is currently 120.00%.

Analysts Set New Price Targets

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

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.