Intact Investment Management Inc. Has $38.42 Million Stake in Brookfield Co. (NYSE:BN)

Intact Investment Management Inc. lifted its position in Brookfield Co. (NYSE:BN - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 668,600 shares of the company's stock after buying an additional 26,050 shares during the period. Brookfield comprises 1.3% of Intact Investment Management Inc.'s holdings, making the stock its 20th largest position. Intact Investment Management Inc.'s holdings in Brookfield were worth $38,424,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Pittenger & Anderson Inc. boosted its holdings in shares of 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 buying an additional 203 shares during the period. Pinnacle Bancorp Inc. boosted its stake in Brookfield by 29.5% in the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock worth $56,000 after purchasing an additional 221 shares during the period. Citizens Financial Group Inc. RI increased its holdings in Brookfield by 5.8% during the 4th quarter. Citizens Financial Group Inc. RI now owns 4,350 shares of the company's stock worth $250,000 after purchasing an additional 240 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Brookfield by 10.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company's stock valued at $148,000 after purchasing an additional 245 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in shares of Brookfield by 2.7% in the fourth quarter. Fisher Asset Management LLC now owns 9,873 shares of the company's stock valued at $567,000 after purchasing an additional 255 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Scotiabank lifted their price objective on shares of Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a report on Monday, February 3rd. TD Securities lifted their price target 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. 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. Finally, Morgan Stanley initiated coverage on Brookfield in a research report on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $64.00.

Brookfield Stock Performance

NYSE:BN traded up $0.41 during mid-day trading on Tuesday, hitting $52.19. The stock had a trading volume of 3,018,642 shares, compared to its average volume of 2,527,890. The company's 50 day simple moving average is $57.38 and its 200 day simple moving average is $55.90. The stock has a market cap of $85.90 billion, a price-to-earnings ratio of 173.96 and a beta of 1.65. 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.

Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 forecast that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield's payout ratio is presently 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.