West Family Investments Inc. Invests $231,000 in Brookfield Co. (NYSE:BN)

West Family Investments Inc. bought a new stake in shares of Brookfield Co. (NYSE:BN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,026 shares of the company’s stock, valued at approximately $231,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pittenger & Anderson Inc. grew its position in shares of Brookfield by 14.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company’s stock valued at $90,000 after acquiring an additional 203 shares during the period. Pinnacle Bancorp Inc. lifted its position in Brookfield by 29.5% during the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock valued at $56,000 after purchasing an additional 221 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Brookfield by 10.5% during the fourth 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. Fisher Asset Management LLC increased its position in Brookfield by 2.7% in the fourth quarter. Fisher Asset Management LLC now owns 9,873 shares of the company’s stock worth $567,000 after buying an additional 255 shares in the last quarter. Finally, Joel Isaacson & Co. LLC raised its stake in shares of Brookfield by 5.3% in the fourth quarter. Joel Isaacson & Co. LLC now owns 5,625 shares of the company’s stock worth $323,000 after buying an additional 283 shares during the period. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Stock Down 0.9 %

BN opened at $52.10 on Friday. The company has a market capitalization of $85.76 billion, a PE ratio of 173.66 and a beta of 1.65. The firm has a 50-day simple moving average of $58.35 and a two-hundred day simple moving average of $55.69. 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 Co. has a 52 week low of $38.18 and a 52 week high of $62.78.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. Analysts forecast that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The firm 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. This represents a $0.36 annualized dividend and a yield of 0.69%. The ex-dividend date is Friday, March 14th. Brookfield’s dividend payout ratio is presently 120.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BN shares. Scotiabank increased their target price on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a report on Monday, February 3rd. TD Securities increased their price objective 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. CIBC lifted 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. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 price target (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Finally, Morgan Stanley initiated coverage on Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price target on the stock. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Brookfield 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.