Franklin Resources Inc. Raises Position in Brookfield Co. (NYSE:BN)

Franklin Resources Inc. raised its position in shares of Brookfield Co. (NYSE:BN - Free Report) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 675,214 shares of the company's stock after acquiring an additional 52,116 shares during the quarter. Franklin Resources Inc.'s holdings in Brookfield were worth $38,761,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in Brookfield by 10.9% during the third quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company's stock worth $320,670,000 after acquiring an additional 591,757 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Brookfield in the 3rd quarter valued at about $6,485,000. Forsta AP Fonden increased its position in Brookfield by 4.9% in the 4th quarter. Forsta AP Fonden now owns 287,200 shares of the company's stock valued at $16,499,000 after buying an additional 13,300 shares in the last quarter. Chemistry Wealth Management LLC grew its stake in Brookfield by 10.1% in the fourth quarter. Chemistry Wealth Management LLC now owns 252,597 shares of the company's stock valued at $14,512,000 after acquiring an additional 23,159 shares during the period. Finally, Triangle Securities Wealth Management increased its holdings in shares of Brookfield by 11.2% during the fourth quarter. Triangle Securities Wealth Management now owns 90,137 shares of the company's stock valued at $5,178,000 after acquiring an additional 9,048 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several analysts have recently commented on BN shares. CIBC increased 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. TD Securities raised their price objective on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Morgan Stanley started coverage on shares of Brookfield in a research note on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 target price for the company. Finally, Scotiabank dropped their price target on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research report on Monday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $63.63.

Brookfield Stock Performance

NYSE BN traded down $3.67 on Thursday, hitting $46.78. 1,504,561 shares of the stock traded hands, compared to its average volume of 3,079,262. The firm has a market capitalization of $77.03 billion, a price-to-earnings ratio of 156.37 and a beta of 1.60. The business's fifty day moving average is $54.66 and its two-hundred day moving average is $56.09. 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 12 month low of $38.18 and a 12 month high of $62.78.

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

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield's dividend payout ratio (DPR) is presently 120.00%.

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.