Natixis Has $1.47 Million Stake in Brookfield Co. (NYSE:BN)

Natixis raised its position in shares of Brookfield Co. (NYSE:BN - Free Report) by 138.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,519 shares of the company's stock after buying an additional 14,804 shares during the period. Natixis' holdings in Brookfield were worth $1,466,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of BN. Norges Bank bought a new stake in shares of Brookfield during the 4th quarter valued at $973,591,000. Baillie Gifford & Co. lifted its stake in Brookfield by 809.5% in the fourth quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company's stock valued at $211,159,000 after buying an additional 3,271,403 shares during the period. Regents of The University of California bought a new position in Brookfield during the fourth quarter worth about $154,140,000. Geode Capital Management LLC grew its position in shares of Brookfield by 32.0% during the 4th quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company's stock worth $460,489,000 after buying an additional 1,930,218 shares during the period. Finally, Capital World Investors increased its stake in shares of Brookfield by 3.1% in the 4th quarter. Capital World Investors now owns 59,020,303 shares of the company's stock valued at $3,390,786,000 after acquiring an additional 1,782,034 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors.

Brookfield Trading Up 0.8 %

NYSE:BN traded up $0.41 during mid-day trading on Friday, hitting $53.33. 2,976,436 shares of the company's stock were exchanged, compared to its average volume of 2,815,011. Brookfield Co. has a fifty-two week low of $39.78 and a fifty-two week high of $62.78. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $87.86 billion, a P/E ratio of 177.77 and a beta of 1.60. The company has a 50 day simple moving average of $52.27 and a 200-day simple moving average of $55.82.

Brookfield (NYSE:BN - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, topping 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, research analysts expect that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.09 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.68%. Brookfield's dividend payout ratio (DPR) is presently 120.00%.

Analysts Set New Price Targets

Several brokerages have issued reports on BN. Scotiabank lowered their price target on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a report on Monday, April 7th. CIBC boosted their price target on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. cut their target price on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. TD Securities boosted their target price on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Finally, Morgan Stanley reduced their price target on shares of Brookfield from $83.00 to $61.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $62.88.

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.