Robertson Stephens Wealth Management LLC Takes $245,000 Position in Brookfield Co. (NYSE:BN)

Robertson Stephens Wealth Management LLC bought a new position in Brookfield Co. (NYSE:BN - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,272 shares of the company's stock, valued at approximately $245,000.

Several other large investors also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its position in shares of Brookfield by 31.6% during the third quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company's stock worth $623,783,000 after acquiring an additional 2,818,716 shares in the last quarter. EdgePoint Investment Group Inc. grew 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 in the last quarter. Toronto Dominion Bank grew 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 in the last quarter. Geode Capital Management LLC grew its position in Brookfield by 10.9% in the third quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company's stock valued at $320,670,000 after purchasing an additional 591,757 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Brookfield by 10.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company's stock valued at $189,507,000 after purchasing an additional 351,231 shares in the last quarter. Institutional investors own 61.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. CIBC lifted their price objective 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 lifted their price objective on shares of Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday. BMO Capital Markets reissued an "outperform" rating and issued a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Morgan Stanley assumed coverage on shares of Brookfield in a research report on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 price objective for the company. Finally, Scotiabank lifted their price objective on shares of Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a research report on Monday, February 3rd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Brookfield has an average rating of "Moderate Buy" and an average price target of $64.00.

Brookfield Stock Down 0.2 %

BN traded down $0.10 during midday trading on Wednesday, hitting $58.58. The company had a trading volume of 1,527,537 shares, compared to its average volume of 2,173,911. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.78. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $96.41 billion, a price-to-earnings ratio of 124.64 and a beta of 1.57. The stock's 50 day moving average price is $58.46 and its 200 day moving average price is $54.36.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Monday, December 16th. Brookfield's dividend payout ratio is currently 68.09%.

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.