Pictet Asset Management Holding SA Buys 163,789 Shares of Brookfield Co. (NYSE:BN)

Pictet Asset Management Holding SA increased its holdings in Brookfield Co. (NYSE:BN - Free Report) by 29.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 726,288 shares of the company's stock after purchasing an additional 163,789 shares during the quarter. Pictet Asset Management Holding SA's holdings in Brookfield were worth $41,723,000 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 bought and sold shares of the business. Haverford Trust Co boosted its stake in shares of Brookfield by 4.7% during the 4th quarter. Haverford Trust Co now owns 4,308 shares of the company's stock valued at $247,000 after purchasing an additional 192 shares in the last quarter. Pittenger & Anderson Inc. boosted its position in Brookfield by 14.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company's stock valued at $90,000 after acquiring an additional 203 shares in the last quarter. Pinnacle Bancorp Inc. grew its holdings in shares of Brookfield by 29.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock worth $56,000 after acquiring an additional 221 shares during the period. Citizens Financial Group Inc. RI raised its position in shares of Brookfield by 5.8% in the 4th quarter. Citizens Financial Group Inc. RI now owns 4,350 shares of the company's stock worth $250,000 after acquiring an additional 240 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Brookfield by 10.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company's stock valued at $148,000 after purchasing an additional 245 shares during the period. Institutional investors own 61.60% of the company's stock.

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Brookfield Stock Down 8.2 %

Shares of NYSE BN traded down $4.12 during midday trading on Friday, hitting $46.23. The stock had a trading volume of 6,913,040 shares, compared to its average volume of 2,771,423. The company has a market cap of $76.13 billion, a P/E ratio of 154.12 and a beta of 1.65. 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 business's 50 day moving average is $56.03 and its 200-day moving average is $56.24. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.78.

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

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Friday, March 14th. Brookfield's dividend payout ratio (DPR) is 120.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. CIBC upped their price target on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a research note on Thursday, January 23rd. Morgan Stanley started coverage on shares of Brookfield in a research report on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 target price on the stock. TD Securities lifted 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. Finally, Scotiabank upped their price objective 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. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.