Hillsdale Investment Management Inc. increased its stake in Brookfield Co. (NYSE:BN - Free Report) by 661.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 256,648 shares of the company's stock after purchasing an additional 222,933 shares during the quarter. Brookfield makes up approximately 0.7% of Hillsdale Investment Management Inc.'s investment portfolio, making the stock its 24th biggest position. Hillsdale Investment Management Inc.'s holdings in Brookfield were worth $14,735,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Compass Planning Associates Inc bought a new stake in shares of Brookfield during the 4th quarter valued at $30,000. FSA Wealth Management LLC purchased a new stake in Brookfield during the 3rd quarter valued at approximately $42,000. Prestige Wealth Management Group LLC raised its position in shares of Brookfield by 137.0% during the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company's stock valued at $46,000 after buying an additional 500 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Brookfield in the fourth quarter worth $48,000. Finally, Continuum Advisory LLC purchased a new position in Brookfield during the third quarter valued at $55,000. Institutional investors own 61.60% of the company's stock.
Wall Street Analysts Forecast Growth
BN has been the subject of several research reports. TD Securities increased their price objective on shares of Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. CIBC raised their price target on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a report on Thursday, January 23rd. Scotiabank upped their price objective on Brookfield from $69.00 to $71.00 and gave the stock a "sector outperform" rating in a report on Monday, February 3rd. Finally, Morgan Stanley began coverage on Brookfield in a research report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 target price for the company. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $64.00.
Check Out Our Latest Report on BN
Brookfield Trading Down 0.2 %
Shares of Brookfield stock traded down $0.12 on Tuesday, reaching $55.23. The company had a trading volume of 1,281,637 shares, compared to its average volume of 2,698,787. The firm has a market cap of $90.95 billion, a price-to-earnings ratio of 184.22 and a beta of 1.65. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The firm's 50-day moving average price is $57.08 and its two-hundred day moving average price is $56.08. Brookfield Co. has a 1 year low of $38.18 and a 1 year high of $62.78.
Brookfield (NYSE:BN - Get Free Report) last posted 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 net margin of 0.75% and a return on equity of 3.93%. As a group, research analysts predict that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.
Brookfield Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield's dividend payout ratio (DPR) is currently 120.00%.
About Brookfield
(
Free Report)
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.
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