Guardian Partners Inc. Invests $16.39 Million in Brookfield Co. (NYSE:BN)

Guardian Partners Inc. purchased a new position in shares of Brookfield Co. (NYSE:BN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 280,639 shares of the company's stock, valued at approximately $16,387,000. Brookfield makes up approximately 1.7% of Guardian Partners Inc.'s portfolio, making the stock its 14th biggest position.

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

Analysts Set New Price Targets

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

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Brookfield Stock Up 0.0 %

Shares of NYSE:BN traded up $0.02 during midday trading on Tuesday, hitting $55.37. 2,230,832 shares of the company's stock traded hands, compared to its average volume of 2,550,541. The firm's fifty day moving average price is $57.08 and its two-hundred day moving average price is $56.08. 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 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.

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

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.09 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.65%. 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.