Zurcher Kantonalbank Zurich Cantonalbank increased its position in Brookfield Co. (NYSE:BN - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 523,609 shares of the company's stock after buying an additional 19,650 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Brookfield were worth $30,080,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Brookfield by 131.9% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company's stock worth $24,594,000 after acquiring an additional 263,375 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Brookfield by 5.7% during the third 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 last quarter. Geode Capital Management LLC increased its position 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 purchasing an additional 591,757 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Brookfield by 10.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company's stock worth $189,507,000 after acquiring an additional 351,231 shares in the last quarter. Finally, Partners Group Holding AG boosted its holdings in Brookfield by 53.5% in the third 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 in the last quarter. Institutional investors own 61.60% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on BN. CIBC boosted their target price on shares of Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research note on Thursday, January 23rd. Scotiabank increased their price target on Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a report on Monday, February 3rd. TD Securities lifted their price objective on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Morgan Stanley assumed coverage on Brookfield in a research note on Thursday, January 23rd. They set an "overweight" rating and a $80.00 price target on the stock. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $62.00 price target (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Brookfield has an average rating of "Moderate Buy" and a consensus target price of $64.00.
Read Our Latest Analysis on BN
Brookfield Stock Performance
Shares of NYSE BN traded up $1.78 during trading hours on Friday, reaching $50.42. The stock had a trading volume of 2,653,925 shares, compared to its average volume of 2,532,412. The firm has a market cap of $82.99 billion, a price-to-earnings ratio of 168.06 and a beta of 1.65. Brookfield Co. has a fifty-two week low of $38.18 and a fifty-two week high of $62.78. The firm has a 50-day moving average of $57.82 and a 200-day moving average of $55.84. 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 (NYSE:BN - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.01 EPS 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%. Equities research analysts predict that Brookfield Co. will post 3.85 earnings per share for the current year.
Brookfield Dividend Announcement
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 dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.71%. The ex-dividend date is Friday, March 14th. Brookfield's dividend payout ratio (DPR) is 120.00%.
Brookfield 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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