Scheer Rowlett & Associates Investment Management Ltd. Has $86.78 Million Stock Position in Brookfield Co. (NYSE:BN)

Scheer Rowlett & Associates Investment Management Ltd. increased its position in Brookfield Co. (NYSE:BN - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,511,750 shares of the company's stock after purchasing an additional 16,096 shares during the period. Brookfield makes up approximately 6.3% of Scheer Rowlett & Associates Investment Management Ltd.'s holdings, making the stock its 3rd biggest position. Scheer Rowlett & Associates Investment Management Ltd. owned 0.09% of Brookfield worth $86,779,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BN. Compass Planning Associates Inc bought a new position in Brookfield during the 4th quarter valued at about $30,000. First Personal Financial Services bought a new position in Brookfield during the third quarter valued at approximately $42,000. FSA Wealth Management LLC purchased a new stake in Brookfield in the third quarter worth approximately $42,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Brookfield in the 4th quarter worth approximately $48,000. Finally, Prestige Wealth Management Group LLC grew 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 period. 61.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BN. Morgan Stanley initiated coverage on Brookfield in a research note on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 price target on the stock. CIBC boosted their price target on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research note on Thursday, January 23rd. Scotiabank increased their price objective on shares of Brookfield from $69.00 to $71.00 and gave the stock a "sector outperform" rating in a research note on Monday, February 3rd. 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 report on Friday, November 15th. Finally, 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 report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Brookfield presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.00.

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Brookfield Price Performance

BN stock traded up $0.45 during trading on Wednesday, reaching $50.33. The company's stock had a trading volume of 2,633,184 shares, compared to its average volume of 2,512,245. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. The company's fifty day moving average is $57.96 and its 200-day moving average is $55.88. The company has a market capitalization of $82.85 billion, a P/E ratio of 167.77 and a beta of 1.65. 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 data on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, beating 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 expect that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield's dividend payout ratio (DPR) is presently 120.00%.

About Brookfield

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.