Sterling Capital Management LLC boosted its holdings in Brookfield Co. (NYSE:BN - Free Report) by 3,360.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 308,239 shares of the company's stock after acquiring an additional 299,332 shares during the period. Sterling Capital Management LLC's holdings in Brookfield were worth $17,708,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Compass Planning Associates Inc acquired a new position in shares of Brookfield in the fourth quarter valued at about $30,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Brookfield during the 4th quarter worth $48,000. Continuum Advisory LLC bought a new position in shares of Brookfield in the third quarter worth $55,000. Promus Capital LLC acquired a new position in Brookfield in the fourth quarter valued at about $55,000. Finally, Pinnacle Bancorp Inc. lifted its position in Brookfield by 29.5% during the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock worth $56,000 after purchasing an additional 221 shares during the period. Institutional investors and hedge funds own 61.60% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on BN shares. Scotiabank reduced their price target on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 7th. CIBC boosted their price target on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a report on Thursday, January 23rd. TD Securities raised their price objective on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, Morgan Stanley dropped their price objective on shares of Brookfield from $83.00 to $61.00 and set an "overweight" rating for the company in a research note on Monday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Brookfield has a consensus rating of "Moderate Buy" and a consensus target price of $61.25.
Read Our Latest Report on Brookfield
Brookfield Trading Down 1.7 %
NYSE BN traded down $0.85 on Wednesday, reaching $48.49. The company had a trading volume of 1,107,042 shares, compared to its average volume of 2,811,611. The business has a 50 day moving average of $53.79 and a two-hundred day moving average of $55.97. Brookfield Co. has a fifty-two week low of $38.18 and a fifty-two week high of $62.78. The firm has a market cap of $79.85 billion, a price-to-earnings ratio of 161.64 and a beta of 1.60. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09.
Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings data 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 return on equity of 3.93% and a net margin of 0.75%. Analysts forecast that Brookfield Co. will post 3.85 EPS for the current year.
Brookfield Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.74%. The ex-dividend date was Friday, March 14th. Brookfield's dividend payout ratio is presently 120.00%.
About Brookfield
(
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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