Ilmarinen Mutual Pension Insurance Co Has $11.77 Million Stake in Brookfield Co. (NYSE:BN)

Ilmarinen Mutual Pension Insurance Co lifted its stake in Brookfield Co. (NYSE:BN - Free Report) by 36.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 205,000 shares of the company's stock after buying an additional 55,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Brookfield were worth $11,771,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BN. Haverford Trust Co increased its position in shares of Brookfield by 4.7% during the 4th quarter. Haverford Trust Co now owns 4,308 shares of the company's stock worth $247,000 after purchasing an additional 192 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in Brookfield by 1.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 16,616 shares of the company's stock worth $955,000 after purchasing an additional 197 shares during the last quarter. Pittenger & Anderson Inc. boosted its stake in Brookfield by 14.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company's stock valued at $90,000 after acquiring an additional 203 shares in the last quarter. Pinnacle Bancorp Inc. raised its position in Brookfield by 29.5% in the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock valued at $56,000 after purchasing an additional 221 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its holdings in shares of Brookfield by 5.8% during the fourth quarter. Citizens Financial Group Inc. RI now owns 4,350 shares of the company's stock worth $250,000 after buying an additional 240 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

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Brookfield Price Performance

Shares of BN stock traded up $1.26 during trading hours on Friday, reaching $48.19. 2,129,040 shares of the company were exchanged, compared to its average volume of 2,847,711. The stock's fifty day moving average is $54.41 and its two-hundred day moving average is $56.05. The company has a market cap of $79.35 billion, a price-to-earnings ratio of 160.76 and a beta of 1.60. Brookfield Co. has a fifty-two week low of $38.18 and a fifty-two week high of $62.78. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09.

Brookfield (NYSE:BN - Get Free Report) last issued its quarterly earnings data 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%. Sell-side analysts forecast that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Friday, March 14th. Brookfield's dividend payout ratio is presently 120.00%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BN. Scotiabank lowered their price target on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a report on Monday. CIBC boosted their target price on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a report on Thursday, January 23rd. Morgan Stanley began coverage on shares of Brookfield in a research report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 target price on the stock. Finally, TD Securities lifted their price target 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 analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Brookfield has an average rating of "Moderate Buy" and a consensus target price of $63.63.

About Brookfield

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.