Mar Vista Investment Partners LLC lifted its position in Brookfield Co. (NYSE:BN - Free Report) by 69.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 123,520 shares of the company's stock after buying an additional 50,656 shares during the period. Mar Vista Investment Partners LLC's holdings in Brookfield were worth $7,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BN. Norges Bank bought a new position in shares of Brookfield in the fourth quarter worth about $973,591,000. Baillie Gifford & Co. lifted its stake in shares of Brookfield by 809.5% during the fourth quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company's stock worth $211,159,000 after buying an additional 3,271,403 shares during the period. Regents of The University of California acquired a new position in shares of Brookfield in the fourth quarter valued at about $154,140,000. Geode Capital Management LLC boosted its holdings in shares of Brookfield by 32.0% in the 4th quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company's stock valued at $460,489,000 after acquiring an additional 1,930,218 shares during the last quarter. Finally, Capital World Investors raised its stake in shares of Brookfield by 3.1% during the 4th quarter. Capital World Investors now owns 59,020,303 shares of the company's stock valued at $3,390,786,000 after buying an additional 1,782,034 shares during the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.
Brookfield Stock Performance
Shares of NYSE BN opened at $50.01 on Wednesday. The stock has a market capitalization of $82.35 billion, a price-to-earnings ratio of 166.71 and a beta of 1.60. The stock's fifty day simple moving average is $52.79 and its 200 day simple moving average is $55.84. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. Brookfield Co. has a 52-week low of $39.27 and a 52-week high of $62.78.
Brookfield (NYSE:BN - Get Free Report) last posted its earnings results 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 net margin of 0.75% and a return on equity of 3.93%. As a group, sell-side analysts forecast that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.
Brookfield Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 yield of 0.72%. The ex-dividend date was Friday, March 14th. Brookfield's payout ratio is 120.00%.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Scotiabank dropped their price objective on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a report on Monday, April 7th. CIBC raised their target price on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a research note on Thursday, January 23rd. TD Securities boosted 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. Finally, Morgan Stanley lowered their target price on Brookfield from $83.00 to $61.00 and set an "overweight" rating for the company in a report on Monday, April 14th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $62.88.
Check Out Our Latest Stock Analysis on BN
Brookfield Company Profile
(
Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Brookfield, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brookfield wasn't on the list.
While Brookfield currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
