Rinkey Investments Acquires 8,855 Shares of Brookfield Co. (NYSE:BN)

Rinkey Investments lifted its position in Brookfield Co. (NYSE:BN - Free Report) by 70.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 21,405 shares of the company's stock after purchasing an additional 8,855 shares during the quarter. Rinkey Investments' holdings in Brookfield were worth $1,230,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in BN. Norges Bank acquired a new position in Brookfield during the 4th quarter worth about $973,591,000. Baillie Gifford & Co. lifted its position in Brookfield by 809.5% during the 4th quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company's stock worth $211,159,000 after buying an additional 3,271,403 shares in the last quarter. Regents of The University of California acquired a new position in Brookfield during the 4th quarter worth about $154,140,000. Geode Capital Management LLC lifted its position in 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 in the last quarter. Finally, Capital World Investors lifted its position in Brookfield by 3.1% during the 4th quarter. Capital World Investors now owns 59,020,303 shares of the company's stock worth $3,390,786,000 after buying an additional 1,782,034 shares in the last quarter. Institutional investors own 61.60% of the company's stock.

Brookfield Trading Up 0.6 %

Shares of NYSE:BN traded up $0.31 during mid-day trading on Tuesday, reaching $53.64. The stock had a trading volume of 1,492,106 shares, compared to its average volume of 2,799,744. The firm has a market cap of $88.37 billion, a PE ratio of 178.81 and a beta of 1.60. The firm has a 50 day simple moving average of $52.00 and a two-hundred day simple moving average of $55.84. 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 twelve month low of $39.78 and a twelve month high of $62.78.

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

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.09 per share. The ex-dividend date was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.67%. Brookfield's payout ratio is 120.00%.

Wall Street Analysts Forecast Growth

BN has been the topic of a number of research reports. Scotiabank cut their target price on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 7th. JPMorgan Chase & Co. cut their target price on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. CIBC upped their target price on shares of Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research report on Thursday, January 23rd. TD Securities upped their target price 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, Morgan Stanley cut their target price on shares of Brookfield from $83.00 to $61.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. One equities 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 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.