Brookfield Co. (NYSE:BN) Shares Purchased by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. lifted its position in Brookfield Co. (NYSE:BN - Free Report) by 89.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,035 shares of the company's stock after buying an additional 5,677 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Brookfield were worth $691,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the stock. Compass Planning Associates Inc acquired a new stake in Brookfield during the 4th quarter valued at $30,000. First Personal Financial Services acquired a new stake in Brookfield in the third quarter worth $42,000. FSA Wealth Management LLC bought a new position in Brookfield during the third quarter worth about $42,000. Prestige Wealth Management Group LLC raised its holdings in Brookfield by 137.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company's stock worth $46,000 after buying an additional 500 shares during the period. Finally, Continuum Advisory LLC bought a new stake in Brookfield in the 3rd quarter valued at $55,000. 61.60% of the stock is owned by institutional investors.

Brookfield Trading Up 0.9 %

BN traded up $0.45 during midday trading on Wednesday, reaching $50.33. 2,578,023 shares of the company's stock traded hands, compared to its average volume of 2,512,026. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.78. The firm has a fifty day moving average of $57.96 and a two-hundred day moving average of $55.88. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The stock has a market capitalization of $82.85 billion, a price-to-earnings ratio of 167.77 and a beta of 1.65.

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

Brookfield Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BN shares. CIBC increased their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a research note on Thursday, January 23rd. BMO Capital Markets reissued 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. Morgan Stanley initiated coverage on shares of Brookfield in a report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 target price on the stock. TD Securities upped their price objective on shares of Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Finally, Scotiabank boosted their price target on Brookfield from $69.00 to $71.00 and gave the stock a "sector outperform" rating in a report on Monday, February 3rd. One 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, the company presently has an average rating of "Moderate Buy" and an average target price of $64.00.

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.