1,213,230 Shares in Brookfield Co. (NYSE:BN) Acquired by Madison Investment Advisors LLC

Madison Investment Advisors LLC bought a new position in shares of Brookfield Co. (NYSE:BN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,213,230 shares of the company's stock, valued at approximately $69,700,000. Madison Investment Advisors LLC owned 0.07% of Brookfield at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC grew its position in Brookfield by 0.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 266,842 shares of the company's stock worth $15,330,000 after buying an additional 1,123 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Brookfield by 11.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,507,113 shares of the company's stock worth $373,527,000 after buying an additional 668,630 shares during the period. Sequoia Financial Advisors LLC grew its position in Brookfield by 18.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 919,350 shares of the company's stock worth $52,817,000 after buying an additional 143,004 shares during the period. Wealthfront Advisers LLC acquired a new position in Brookfield during the fourth quarter worth about $3,063,000. Finally, King Luther Capital Management Corp lifted its holdings in shares of Brookfield by 0.7% in the fourth quarter. King Luther Capital Management Corp now owns 103,302 shares of the company's stock valued at $5,935,000 after purchasing an additional 722 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

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Brookfield Trading Up 2.8 %

Shares of BN traded up $1.41 on Monday, hitting $51.81. 2,201,786 shares of the stock traded hands, compared to its average volume of 2,517,187. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $85.28 billion, a P/E ratio of 172.69 and a beta of 1.65. The stock's 50 day moving average is $57.49 and its two-hundred day moving average is $55.88. 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 announced its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating 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, sell-side analysts predict that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.69%. The ex-dividend date is Friday, March 14th. Brookfield's dividend payout ratio (DPR) is 120.00%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BN. Scotiabank upped their price target 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 upped their price target 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 upped their price target on shares of Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a report on Thursday, January 23rd. Finally, Morgan Stanley began coverage on shares of Brookfield in a report on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 price target on the stock. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.00.

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.