Brookfield Co. (NYSE:BN) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN grew its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 3.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,950,587 shares of the company's stock after purchasing an additional 94,297 shares during the period. Wells Fargo & Company MN owned approximately 0.18% of Brookfield worth $169,502,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BN. Norges Bank purchased a new stake in Brookfield during the fourth quarter worth about $973,591,000. Baillie Gifford & Co. raised its stake in shares of Brookfield by 809.5% during the 4th quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company's stock worth $211,159,000 after buying an additional 3,271,403 shares during the last quarter. Regents of The University of California purchased a new stake in shares of Brookfield in the 4th quarter worth about $154,140,000. Geode Capital Management LLC grew its stake in Brookfield by 32.0% in the 4th quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company's stock valued at $460,489,000 after acquiring an additional 1,930,218 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Brookfield during the 4th quarter valued at about $82,795,000. 61.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BN. TD Securities lifted their price objective on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Morgan Stanley assumed coverage on Brookfield in a report on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 price target for the company. Scotiabank decreased their price objective on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research note on Monday. Finally, CIBC upped their target price on shares of Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a report on Thursday, January 23rd. 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, Brookfield has a consensus rating of "Moderate Buy" and an average target price of $63.63.

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Brookfield Trading Up 1.5 %

Shares of NYSE BN traded up $0.70 on Friday, reaching $47.63. 1,666,259 shares of the company traded hands, compared to its average volume of 2,845,833. The company has a 50 day moving average of $54.41 and a 200 day moving average of $56.05. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. Brookfield Co. has a fifty-two week low of $38.18 and a fifty-two week high of $62.78. The stock has a market capitalization of $78.43 billion, a PE ratio of 159.38 and a beta of 1.60.

Brookfield (NYSE:BN - Get Free Report) last posted its quarterly 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%. On average, equities research analysts forecast that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Friday, March 14th. Brookfield's dividend payout ratio (DPR) is presently 120.00%.

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.