Stamos Capital Partners L.P. grew its holdings in Brookfield Co. (NYSE:BN - Free Report) by 52.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,270 shares of the company's stock after acquiring an additional 12,180 shares during the quarter. Stamos Capital Partners L.P.'s holdings in Brookfield were worth $2,026,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Haverford Trust Co grew its position in Brookfield by 4.7% in the 4th quarter. Haverford Trust Co now owns 4,308 shares of the company's stock worth $247,000 after purchasing an additional 192 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in shares of Brookfield by 1.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 16,616 shares of the company's stock valued at $955,000 after buying an additional 197 shares during the period. Pittenger & Anderson Inc. grew its position in Brookfield by 14.9% during the fourth quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company's stock worth $90,000 after buying an additional 203 shares in the last quarter. Pinnacle Bancorp Inc. raised its holdings in Brookfield by 29.5% in the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock valued at $56,000 after acquiring an additional 221 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its position in shares of Brookfield by 5.8% in the 4th quarter. Citizens Financial Group Inc. RI now owns 4,350 shares of the company's stock worth $250,000 after acquiring an additional 240 shares during the period. Institutional investors and hedge funds own 61.60% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently commented on the company. Scotiabank reduced their target price on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a research report on Monday, April 7th. CIBC increased their price target on shares of Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a research report on Thursday, January 23rd. Morgan Stanley dropped their target price on Brookfield from $83.00 to $61.00 and set an "overweight" rating for the company in a report on Monday. Finally, TD Securities increased their price objective on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.25.
Read Our Latest Stock Report on BN
Brookfield Stock Up 0.3 %
Shares of Brookfield stock traded up $0.12 during trading on Tuesday, reaching $49.25. The stock had a trading volume of 3,491,986 shares, compared to its average volume of 2,817,941. 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 capitalization of $81.11 billion, a price-to-earnings ratio of 164.19 and a beta of 1.60. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.78. The stock has a fifty day moving average price of $53.79 and a two-hundred day moving average price of $55.97.
Brookfield (NYSE:BN - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate 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 predict that Brookfield Co. will post 3.85 EPS for the current fiscal year.
Brookfield Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 dividend yield of 0.73%. Brookfield's dividend payout ratio is 120.00%.
Brookfield Company Profile
(
Free Report)
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.
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