Horizon Kinetics Asset Management LLC Has $70.01 Million Position in Brookfield Co. (NYSE:BN)

Horizon Kinetics Asset Management LLC raised its position in Brookfield Co. (NYSE:BN - Free Report) by 15.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,218,597 shares of the company's stock after purchasing an additional 161,891 shares during the period. Brookfield makes up about 0.9% of Horizon Kinetics Asset Management LLC's investment portfolio, making the stock its 13th biggest holding. Horizon Kinetics Asset Management LLC owned about 0.07% of Brookfield worth $70,008,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BN. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Brookfield by 131.9% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company's stock worth $24,594,000 after purchasing an additional 263,375 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Brookfield by 5.7% in the third quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company's stock valued at $9,764,000 after purchasing an additional 9,915 shares during the period. Geode Capital Management LLC raised its position in shares of Brookfield by 10.9% in the third quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company's stock valued at $320,670,000 after purchasing an additional 591,757 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Brookfield by 10.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company's stock valued at $189,507,000 after purchasing an additional 351,231 shares during the period. Finally, Partners Group Holding AG increased its position in Brookfield by 53.5% during the third quarter. Partners Group Holding AG now owns 409,303 shares of the company's stock worth $21,754,000 after acquiring an additional 142,603 shares during the period. Institutional investors and hedge funds own 61.60% of the company's stock.

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Analysts Set New Price Targets

A number of research firms recently commented on BN. Scotiabank raised 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 objective 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. 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 on the stock. Finally, TD Securities increased their price objective on shares of Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Brookfield has a consensus rating of "Moderate Buy" and an average target price of $64.00.

Brookfield Trading Up 4.3 %

NYSE:BN traded up $2.22 during mid-day trading on Wednesday, hitting $54.38. 1,937,065 shares of the company's stock were exchanged, compared to its average volume of 2,529,076. The company has a 50 day simple moving average of $57.28 and a 200-day simple moving average of $55.91. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. Brookfield Co. has a fifty-two week low of $38.18 and a fifty-two week high of $62.78. The firm has a market capitalization of $89.52 billion, a P/E ratio of 181.05 and a beta of 1.65.

Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (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%. As a group, research analysts expect that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.66%. Brookfield's payout ratio is 120.00%.

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.