TBH Global Asset Management LLC Purchases Shares of 11,593 Brookfield Co. (NYSE:BN)

TBH Global Asset Management LLC bought a new stake in shares of Brookfield Co. (NYSE:BN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,593 shares of the company's stock, valued at approximately $666,000.

Several other large investors also recently added to or reduced their stakes in BN. CIBC Asset Management Inc increased its stake in shares of Brookfield by 6.2% in the fourth quarter. CIBC Asset Management Inc now owns 14,178,133 shares of the company's stock worth $814,585,000 after acquiring an additional 823,428 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Brookfield by 31.6% in the third quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company's stock worth $623,783,000 after acquiring an additional 2,818,716 shares during the last quarter. EdgePoint Investment Group Inc. increased its position in Brookfield by 1.7% during the third quarter. EdgePoint Investment Group Inc. now owns 11,512,817 shares of the company's stock worth $611,383,000 after buying an additional 196,790 shares during the last quarter. Toronto Dominion Bank increased its position in Brookfield by 23.4% during the third quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company's stock worth $364,152,000 after buying an additional 1,301,072 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Brookfield by 10.9% during the third quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company's stock worth $320,670,000 after buying an additional 591,757 shares during the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BN shares. CIBC increased 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. Scotiabank upped 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. TD Securities upped their price target on shares of Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Morgan Stanley assumed coverage on shares of Brookfield in a report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 price target for the company. Finally, BMO Capital Markets restated an "outperform" rating and set a $62.00 price target (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $64.00.

Brookfield Price Performance

BN traded down $1.49 during midday trading on Friday, reaching $58.54. 1,326,505 shares of the company's stock were exchanged, compared to its average volume of 2,190,599. The firm has a market capitalization of $96.37 billion, a price-to-earnings ratio of 195.19 and a beta of 1.57. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78. The business has a 50-day simple moving average of $58.54 and a two-hundred day simple moving average of $54.89.

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, beating 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%. As a group, research analysts predict that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The business also recently declared 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 0.61%. The ex-dividend date is Friday, March 14th. Brookfield's dividend payout ratio is currently 106.67%.

Brookfield 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.