Modern Wealth Management LLC Makes New $473,000 Investment in Brookfield Co. (NYSE:BN)

Modern Wealth Management LLC bought a new position in Brookfield Co. (NYSE:BN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,968 shares of the company's stock, valued at approximately $473,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Compass Planning Associates Inc acquired a new stake in Brookfield during the fourth quarter valued at approximately $30,000. FSA Wealth Management LLC bought a new position in shares of Brookfield in the third quarter valued at $42,000. Prestige Wealth Management Group LLC lifted its position in shares of 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 acquiring an additional 500 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Brookfield during the 4th quarter worth $48,000. Finally, Continuum Advisory LLC acquired a new position in shares of Brookfield in the 3rd quarter worth $55,000. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Stock Up 2.8 %

Shares of BN stock traded up $1.48 during trading on Tuesday, hitting $53.89. 3,918,756 shares of the company were exchanged, compared to its average volume of 2,736,155. The firm has a market capitalization of $88.74 billion, a price-to-earnings ratio of 179.64 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. The business's 50-day simple moving average is $56.60 and its 200 day simple moving average is $56.33. 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 announced 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 return on equity of 3.93% and a net margin of 0.75%. As a group, analysts forecast that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Friday, March 14th. Brookfield's dividend payout ratio is presently 120.00%.

Wall Street Analysts Forecast Growth

BN has been the subject of several analyst reports. Morgan Stanley initiated coverage on Brookfield in a report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 target price for the company. Scotiabank raised their target price 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. CIBC boosted 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, 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 research report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Brookfield presently has an average rating of "Moderate Buy" and an average target price of $64.00.

Brookfield 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.