Generali Asset Management SPA SGR Invests $3.71 Million in Brookfield Co. (NYSE:BN)

Generali Asset Management SPA SGR acquired a new stake in Brookfield Co. (NYSE:BN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 64,603 shares of the company's stock, valued at approximately $3,711,000.

Other hedge funds have also recently bought and sold shares of the company. Compass Planning Associates Inc bought a new stake in shares of Brookfield in the 4th quarter worth approximately $30,000. FSA Wealth Management LLC bought a new stake in shares of Brookfield in the 3rd quarter valued at approximately $42,000. Prestige Wealth Management Group LLC lifted its position 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 buying an additional 500 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Brookfield in the 4th quarter valued at $48,000. Finally, Continuum Advisory LLC acquired a new position in Brookfield during the third quarter worth $55,000. 61.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

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Brookfield Trading Down 0.2 %

BN traded down $0.10 during mid-day trading on Friday, reaching $53.65. The stock had a trading volume of 2,548,904 shares, compared to its average volume of 2,551,823. The stock has a market capitalization of $88.34 billion, a P/E ratio of 178.83 and a beta of 1.65. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.78. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21. The firm's fifty day simple moving average is $57.07 and its two-hundred day simple moving average is $55.96.

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%. On average, equities analysts predict that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.09 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.67%. Brookfield's dividend payout ratio 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.