53,319 Shares in Brookfield Co. (NYSE:BN) Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC purchased a new position in Brookfield Co. (NYSE:BN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 53,319 shares of the company's stock, valued at approximately $3,063,000.

Other large investors also recently modified their holdings of the company. Baillie Gifford & Co. raised its position in Brookfield by 809.5% in the fourth quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company's stock worth $211,159,000 after acquiring an additional 3,271,403 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Brookfield by 31.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company's stock worth $623,783,000 after purchasing an additional 2,818,716 shares in the last quarter. Regents of The University of California bought a new position in Brookfield in the 4th quarter worth $154,140,000. Raymond James Financial Inc. purchased a new position in Brookfield during the fourth quarter valued at $82,795,000. Finally, Toronto Dominion Bank grew its holdings in Brookfield by 23.4% during the third quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company's stock valued at $364,152,000 after purchasing an additional 1,301,072 shares during the period. Institutional investors own 61.60% of the company's stock.

Brookfield Price Performance

BN traded up $1.41 during trading hours on Monday, hitting $51.81. The company's stock had a trading volume of 2,201,786 shares, compared to its average volume of 2,525,991. The business's 50-day moving average price is $57.49 and its 200-day moving average price is $55.88. 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 market cap of $85.28 billion, a price-to-earnings ratio of 172.69 and a beta of 1.65. Brookfield Co. has a 12 month low of $38.18 and a 12 month high of $62.78.

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Brookfield (NYSE:BN - Get Free Report) last issued 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%. Sell-side analysts expect that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

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 given a $0.09 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.69%. Brookfield's dividend payout ratio is presently 120.00%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. TD Securities raised their price objective on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. CIBC raised their target price 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. 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 target for the company. Finally, Scotiabank raised their price objective on shares of Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $64.00.

Brookfield Company 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.