Louisbourg Investments Inc. Has $11.27 Million Holdings in Brookfield Co. (NYSE:BN)

Louisbourg Investments Inc. increased its holdings in Brookfield Co. (NYSE:BN - Free Report) by 18.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 196,124 shares of the company's stock after purchasing an additional 30,287 shares during the period. Brookfield makes up about 2.7% of Louisbourg Investments Inc.'s holdings, making the stock its 5th biggest holding. Louisbourg Investments Inc.'s holdings in Brookfield were worth $11,267,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. First Personal Financial Services purchased a new stake in Brookfield during the 3rd quarter valued at $42,000. FSA Wealth Management LLC purchased a new stake in Brookfield during the 3rd quarter valued at $42,000. Prestige Wealth Management Group LLC boosted its position in Brookfield by 137.0% during the 3rd 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 period. Continuum Advisory LLC purchased a new stake in Brookfield during the 3rd quarter valued at $55,000. Finally, Pinnacle Bancorp Inc. raised its holdings 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 in the last quarter. Hedge funds and other institutional investors own 61.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BN shares. TD Securities upped their price objective on shares of Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday. BMO Capital Markets restated an "outperform" rating and issued a $62.00 price objective (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. Morgan Stanley started coverage on shares of Brookfield in a report on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 price objective for the company. CIBC upped their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a report on Thursday, January 23rd. Finally, Scotiabank upped their price objective on shares of Brookfield from $69.00 to $71.00 and gave the stock a "sector outperform" rating in a report on Monday, February 3rd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $64.00.

Brookfield Stock Up 0.8 %

Shares of Brookfield stock traded up $0.50 during trading on Friday, hitting $60.88. The company's stock had a trading volume of 2,339,349 shares, compared to its average volume of 2,124,467. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17. The company has a fifty day simple moving average of $58.44 and a two-hundred day simple moving average of $54.53. The company has a market capitalization of $100.20 billion, a PE ratio of 129.53 and a beta of 1.57. Brookfield Co. has a 52 week low of $38.18 and a 52 week 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 for the quarter, beating analysts' consensus estimates of $0.88 by $0.13. Brookfield had a net margin of 1.00% and a return on equity of 3.74%. Equities research analysts predict that Brookfield Co. will post 3.83 earnings per share for the current year.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.59%. Brookfield's dividend payout ratio is currently 68.09%.

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.