Whittier Trust Co. lifted its position in shares of Brookfield Co. (NYSE:BN - Free Report) by 107.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,576 shares of the company's stock after purchasing an additional 18,415 shares during the period. Whittier Trust Co.'s holdings in Brookfield were worth $2,044,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Brookfield by 131.9% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company's stock valued at $24,594,000 after buying an additional 263,375 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Brookfield by 5.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company's stock valued at $9,764,000 after acquiring an additional 9,915 shares during the period. Geode Capital Management LLC raised its stake in Brookfield by 10.9% during the 3rd quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company's stock valued at $320,670,000 after acquiring an additional 591,757 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Brookfield by 10.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company's stock valued at $189,507,000 after acquiring an additional 351,231 shares during the last quarter. Finally, Partners Group Holding AG lifted its position in Brookfield by 53.5% during the 3rd quarter. Partners Group Holding AG now owns 409,303 shares of the company's stock worth $21,754,000 after acquiring an additional 142,603 shares during the period. 61.60% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the company. CIBC upped their price target on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a research note on Thursday, January 23rd. Scotiabank upped their price objective on shares of Brookfield from $69.00 to $71.00 and gave the stock a "sector outperform" rating in a research report on Monday, February 3rd. Morgan Stanley started coverage on shares of Brookfield in a research note on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 target price for the company. Finally, TD Securities boosted their price target on shares of Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $64.00.
Read Our Latest Research Report on BN
Brookfield Price Performance
Shares of NYSE BN traded up $0.02 during midday trading on Tuesday, hitting $55.37. The company had a trading volume of 2,316,019 shares, compared to its average volume of 2,534,336. The firm has a market capitalization of $91.18 billion, a price-to-earnings ratio of 184.57 and a beta of 1.65. Brookfield Co. has a twelve month low of $38.18 and a twelve month high of $62.78. The business has a 50-day simple moving average of $57.08 and a two-hundred day simple moving average of $56.15. 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 (NYSE:BN - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) 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%. Equities research analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current year.
Brookfield Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield's dividend payout ratio (DPR) is presently 120.00%.
About Brookfield
(
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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