WCM Investment Management LLC boosted its holdings in Brookfield Co. (NYSE:BN - Free Report) by 93.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 58,988 shares of the company's stock after buying an additional 28,541 shares during the period. WCM Investment Management LLC's holdings in Brookfield were worth $3,383,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. boosted its position in Brookfield by 29.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock valued at $56,000 after purchasing an additional 221 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in Brookfield by 10.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company's stock valued at $148,000 after purchasing an additional 245 shares during the period. Joel Isaacson & Co. LLC boosted its position in Brookfield by 5.3% during the 4th quarter. Joel Isaacson & Co. LLC now owns 5,625 shares of the company's stock worth $323,000 after acquiring an additional 283 shares during the period. First Trust Direct Indexing L.P. raised its stake in shares of Brookfield by 2.9% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company's stock worth $551,000 after buying an additional 292 shares in the last quarter. Finally, Caprock Group LLC raised its position in shares of Brookfield by 2.5% during the third quarter. Caprock Group LLC now owns 12,332 shares of the company's stock worth $655,000 after purchasing an additional 300 shares during the period. 61.60% of the stock is owned by institutional investors and hedge funds.
Brookfield Price Performance
Shares of BN stock traded up $1.76 during trading on Thursday, hitting $60.35. The company had a trading volume of 4,382,735 shares, compared to its average volume of 2,250,205. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17. The firm has a market capitalization of $99.33 billion, a P/E ratio of 128.41 and a beta of 1.57. The stock's 50-day moving average price is $58.42 and its 200 day moving average price is $54.43. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78.
Brookfield (NYSE:BN - Get Free Report) last released its 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 return on equity of 3.74% and a net margin of 1.00%. Equities analysts expect that Brookfield Co. will post 3.83 EPS for the current fiscal year.
Brookfield Dividend Announcement
The firm also recently declared a dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.09 dividend. The ex-dividend date is Friday, March 14th. Brookfield's payout ratio is 68.09%.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the company. Scotiabank increased their price objective on Brookfield from $69.00 to $71.00 and gave the stock a "sector outperform" rating in a research note on Monday, February 3rd. CIBC raised their price objective on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a research report on Thursday, January 23rd. BMO Capital Markets reiterated an "outperform" rating and issued a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Morgan Stanley initiated coverage on Brookfield in a report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 price target for the company. Finally, TD Securities lifted their price objective on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Brookfield presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.00.
View Our Latest Stock Report on BN
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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