Quinn Opportunity Partners LLC Buys 25,000 Shares of Brookfield Co. (NYSE:BN)

Quinn Opportunity Partners LLC increased its position in Brookfield Co. (NYSE:BN - Free Report) by 66.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,600 shares of the company's stock after buying an additional 25,000 shares during the period. Quinn Opportunity Partners LLC's holdings in Brookfield were worth $3,596,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Compass Planning Associates Inc bought a new position in shares of Brookfield in the 4th quarter valued at approximately $30,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Brookfield during the fourth quarter valued at about $48,000. Continuum Advisory LLC acquired a new stake in Brookfield during the third quarter worth about $55,000. Promus Capital LLC bought a new position in Brookfield during the fourth quarter valued at about $55,000. Finally, Pinnacle Bancorp Inc. lifted its position in shares of Brookfield by 29.5% in 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. Institutional investors own 61.60% of the company's stock.

Brookfield Trading Up 0.3 %

Brookfield stock traded up $0.12 during mid-day trading on Tuesday, hitting $49.25. The stock had a trading volume of 3,491,986 shares, compared to its average volume of 2,826,376. The stock has a 50-day simple moving average of $54.01 and a two-hundred day simple moving average of $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. The stock has a market capitalization of $81.11 billion, a PE ratio of 164.19 and a beta of 1.60. Brookfield Co. has a 12 month low of $38.18 and a 12 month high of $62.78.

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Brookfield (NYSE:BN - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate 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 EPS for the current year.

Brookfield Announces Dividend

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 dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield's payout ratio is 120.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. CIBC upped their target price on shares of Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a report on Thursday, January 23rd. Scotiabank reduced their target price on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a report on Monday, April 7th. Morgan Stanley cut their price objective on Brookfield from $83.00 to $61.00 and set an "overweight" rating for the company in a research report on Monday. Finally, TD Securities increased their target price on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $61.25.

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.