Union Bancaire Privee UBP SA Makes New $57,000 Investment in Brookfield Co. (NYSE:BN)

Union Bancaire Privee UBP SA bought a new position in shares of Brookfield Co. (NYSE:BN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,040 shares of the company’s stock, valued at approximately $57,000.

Several other hedge funds have also made changes to their positions in BN. The Manufacturers Life Insurance Company lifted 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 acquiring an additional 2,818,716 shares during the period. Toronto Dominion Bank boosted its stake in shares of Brookfield by 23.4% in the third quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock valued at $364,152,000 after buying an additional 1,301,072 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Brookfield by 4,149.3% during the third quarter. Sequoia Financial Advisors LLC now owns 776,346 shares of the company’s stock worth $41,263,000 after acquiring an additional 758,076 shares during the period. Bamco Inc. NY lifted its holdings in Brookfield by 62.6% in the third quarter. Bamco Inc. NY now owns 1,949,472 shares of the company’s stock valued at $103,614,000 after acquiring an additional 750,726 shares during the period. Finally, Zurich Insurance Group Ltd FI purchased a new stake in shares of Brookfield during the 3rd quarter worth $38,935,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BN shares. 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 report on Friday, November 15th. Morgan Stanley started coverage on shares of Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 target price for the company. Scotiabank boosted their price target on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 15th. Finally, CIBC upped their price target on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $60.06.

Brookfield Trading Up 0.1 %

Shares of BN opened at $60.49 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.44. The firm has a 50 day simple moving average of $58.53 and a 200-day simple moving average of $53.47. The stock has a market cap of $99.55 billion, a price-to-earnings ratio of 128.69 and a beta of 1.56.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.08 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.53%. Brookfield’s dividend payout ratio (DPR) is 68.09%.

Brookfield 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.