Raymond James Financial Inc. Invests $82.80 Million in Brookfield Co. (NYSE:BN)

Raymond James Financial Inc. bought a new stake in shares of Brookfield Co. (NYSE:BN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,441,167 shares of the company's stock, valued at approximately $82,795,000. Raymond James Financial Inc. owned about 0.09% of Brookfield as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Compass Planning Associates Inc acquired a new position in shares of Brookfield in the 4th quarter valued at about $30,000. First Personal Financial Services purchased a new stake in shares of Brookfield during the third quarter worth $42,000. FSA Wealth Management LLC acquired a new stake in Brookfield during the third quarter valued at $42,000. Prestige Wealth Management Group LLC increased its position in Brookfield by 137.0% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company's stock worth $46,000 after purchasing an additional 500 shares during the last quarter. Finally, Promus Capital LLC bought a new stake in shares of Brookfield in the 4th quarter valued at approximately $55,000. Hedge funds and other institutional investors own 61.60% of the company's stock.

Analyst Ratings Changes

BN has been the topic of several analyst reports. CIBC increased their price target on shares of Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a research note on Thursday, January 23rd. TD Securities increased their price target on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. BMO Capital Markets reiterated an "outperform" rating and issued a $62.00 target price (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. Scotiabank lifted their price objective on Brookfield from $69.00 to $71.00 and gave the stock a "sector outperform" rating in a research note on Monday, February 3rd. Finally, Morgan Stanley started coverage on Brookfield in a research report on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 price target on the stock. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $64.00.

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Brookfield Price Performance

NYSE BN traded down $1.65 during trading on Thursday, reaching $48.63. 4,527,111 shares of the company traded hands, compared to its average volume of 2,525,477. 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 company has a market cap of $80.05 billion, a price-to-earnings ratio of 162.10 and a beta of 1.65. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.78. The stock's 50 day moving average price is $57.82 and its two-hundred day moving average price is $55.84.

Brookfield (NYSE:BN - Get Free Report) last released 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 anticipate that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.74%. Brookfield's dividend payout ratio is 120.00%.

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.