Royal London Asset Management Ltd. Buys 4,731 Shares of Brookfield Co. (NYSE:BN)

Royal London Asset Management Ltd. raised its position in shares of Brookfield Co. (NYSE:BN - Free Report) by 0.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 715,782 shares of the company's stock after purchasing an additional 4,731 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Brookfield were worth $41,122,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Baillie Gifford & Co. increased its stake in Brookfield by 809.5% in the fourth quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company's stock valued at $211,159,000 after purchasing an additional 3,271,403 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Brookfield by 31.6% in the third quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company's stock valued at $623,783,000 after purchasing an additional 2,818,716 shares in the last quarter. Regents of The University of California bought a new position in Brookfield during the 4th quarter valued at $154,140,000. Raymond James Financial Inc. bought a new position in shares of Brookfield during the fourth quarter valued at about $82,795,000. Finally, Toronto Dominion Bank boosted its stake in shares of Brookfield by 23.4% in the 3rd quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company's stock worth $364,152,000 after buying an additional 1,301,072 shares during the last quarter. Institutional investors own 61.60% of the company's stock.

Wall Street Analyst Weigh In

BN has been the topic of a number of research analyst reports. Morgan Stanley began coverage on shares of Brookfield in a report on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 price target on the stock. TD Securities increased their price target on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. CIBC lifted their target price 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. Finally, Scotiabank boosted their price objective on Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a research note on Monday, February 3rd. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Brookfield currently has an average rating of "Moderate Buy" and a consensus target price of $64.00.

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Brookfield Price Performance

Shares of NYSE:BN traded up $0.02 on Tuesday, hitting $55.37. The company's stock had a trading volume of 2,316,019 shares, compared to its average volume of 2,550,541. The company has a market capitalization of $91.18 billion, a PE ratio of 184.57 and a beta of 1.65. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The company has a 50-day simple moving average of $57.08 and a 200 day simple moving average of $56.08. Brookfield Co. has a 1 year low of $38.18 and a 1 year high of $62.78.

Brookfield (NYSE:BN - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.13. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. Sell-side analysts forecast that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.65%. Brookfield's dividend payout ratio (DPR) is presently 120.00%.

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.