Russell Investments Group Ltd. Has $41.74 Million Holdings in Brookfield Co. (NYSE:BN)

Russell Investments Group Ltd. raised its stake in Brookfield Co. (NYSE:BN - Free Report) by 24.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 727,020 shares of the company's stock after acquiring an additional 141,040 shares during the period. Russell Investments Group Ltd.'s holdings in Brookfield were worth $41,735,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Quantinno Capital Management LP grew its stake in shares of Brookfield by 49.1% in the third quarter. Quantinno Capital Management LP now owns 26,783 shares of the company's stock worth $1,424,000 after purchasing an additional 8,814 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Brookfield by 2.7% during the third quarter. Wellington Management Group LLP now owns 1,170,931 shares of the company's stock valued at $62,240,000 after acquiring an additional 30,566 shares during the period. Orion Portfolio Solutions LLC raised its stake in Brookfield by 12.4% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,419 shares of the company's stock valued at $873,000 after purchasing an additional 1,811 shares during the period. MML Investors Services LLC raised its position in Brookfield by 11.2% during the third quarter. MML Investors Services LLC now owns 13,372 shares of the company's stock valued at $711,000 after buying an additional 1,347 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Brookfield in the 3rd quarter valued at about $6,485,000. Institutional investors and hedge funds own 61.60% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BN shares. Morgan Stanley assumed coverage on Brookfield in a report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 price objective for the company. CIBC boosted their price objective on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a research report on Thursday, January 23rd. Scotiabank reduced their price target on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a report on Monday, April 7th. Finally, TD Securities raised their price objective on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.63.

Brookfield Price Performance

Shares of Brookfield stock traded up $1.67 during mid-day trading on Friday, reaching $48.60. 4,065,869 shares of the stock were exchanged, compared to its average volume of 2,821,710. 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 company has a market cap of $80.03 billion, a price-to-earnings ratio of 162.01 and a beta of 1.60. Brookfield Co. has a fifty-two week low of $38.18 and a fifty-two week high of $62.78. The firm has a 50-day simple moving average of $54.22 and a 200 day simple moving average of $56.05.

Brookfield (NYSE:BN - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $1.01 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%. On average, sell-side analysts predict that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.09 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.74%. Brookfield's dividend payout ratio (DPR) is currently 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.