Brookfield Co. (NYSE:BN) Holdings Raised by Summit Financial LLC

Summit Financial LLC grew its position in shares of Brookfield Co. (NYSE:BN - Free Report) by 622.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,508 shares of the company's stock after purchasing an additional 23,700 shares during the period. Summit Financial LLC's holdings in Brookfield were worth $1,580,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of Brookfield by 10.9% during the 3rd quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company's stock valued at $320,670,000 after acquiring an additional 591,757 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Brookfield during the third quarter worth $6,485,000. Forsta AP Fonden lifted its position in shares of Brookfield by 4.9% in the 4th quarter. Forsta AP Fonden now owns 287,200 shares of the company's stock worth $16,499,000 after buying an additional 13,300 shares during the last quarter. Chemistry Wealth Management LLC lifted its position in shares of Brookfield by 10.1% in the 4th quarter. Chemistry Wealth Management LLC now owns 252,597 shares of the company's stock worth $14,512,000 after buying an additional 23,159 shares during the last quarter. Finally, PEAK6 Investments LLC boosted its holdings in shares of Brookfield by 181.1% in the 3rd quarter. PEAK6 Investments LLC now owns 13,971 shares of the company's stock valued at $743,000 after buying an additional 9,001 shares during the period. 61.60% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

BN has been the subject of a number of research reports. TD Securities lifted their target price on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Scotiabank boosted their price target on shares of Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a report on Monday, February 3rd. Morgan Stanley started coverage on shares of Brookfield in a research report on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 price objective on the stock. Finally, CIBC upped their target price 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. 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.com, Brookfield presently has an average rating of "Moderate Buy" and a consensus target price of $64.00.

Brookfield Price Performance

BN stock traded down $4.12 during trading hours on Friday, hitting $46.23. 6,913,040 shares of the stock traded hands, compared to its average volume of 2,774,376. 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 stock has a 50-day simple moving average of $56.03 and a 200 day simple moving average of $56.28. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78. The company has a market cap of $76.13 billion, a P/E ratio of 154.12 and a beta of 1.60.

Brookfield (NYSE:BN - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share 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%. Equities analysts forecast that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Friday, March 14th. Brookfield's dividend payout ratio is 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.