Next Capital Management LLC Acquires Shares of 10,534 Brookfield Co. (NYSE:BN)

Next Capital Management LLC acquired a new stake in Brookfield Co. (NYSE:BN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,534 shares of the company's stock, valued at approximately $605,000.

Other large investors have also bought and sold shares of the company. CIBC Asset Management Inc raised its position in Brookfield by 6.2% in the fourth quarter. CIBC Asset Management Inc now owns 14,178,133 shares of the company's stock valued at $814,585,000 after purchasing an additional 823,428 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Brookfield by 31.6% in the third quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company's stock valued at $623,783,000 after purchasing an additional 2,818,716 shares during the last quarter. EdgePoint Investment Group Inc. raised its position in Brookfield by 1.7% in the third quarter. EdgePoint Investment Group Inc. now owns 11,512,817 shares of the company's stock valued at $611,383,000 after purchasing an additional 196,790 shares during the last quarter. Toronto Dominion Bank raised its position in Brookfield by 23.4% in the third quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company's stock valued at $364,152,000 after purchasing an additional 1,301,072 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Brookfield by 11.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,507,113 shares of the company's stock valued at $373,527,000 after purchasing an additional 668,630 shares during the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several research firms have commented on BN. TD Securities increased their target price on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Morgan Stanley assumed coverage on Brookfield in a research report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 price objective for the company. Scotiabank raised their price objective on Brookfield from $69.00 to $71.00 and gave the stock a "sector outperform" rating in a research report on Monday, February 3rd. Finally, CIBC raised their price objective on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a research report on Thursday, January 23rd. 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 has a consensus rating of "Moderate Buy" and a consensus price target of $64.00.

Brookfield Trading Down 0.2 %

BN stock traded down $0.10 during mid-day trading on Friday, reaching $53.65. The company's stock had a trading volume of 2,548,904 shares, compared to its average volume of 2,551,823. The company has a market cap of $88.34 billion, a price-to-earnings ratio of 178.83 and a beta of 1.65. The business's 50 day moving average price is $57.07 and its 200 day moving average price is $56.02. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. Brookfield Co. has a 12 month low of $38.18 and a 12 month high of $62.78.

Brookfield (NYSE:BN - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. On average, equities research analysts predict that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.09 dividend. 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 0.67%. Brookfield's payout ratio is currently 120.00%.

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.