Intact Investment Management Inc. Purchases 26,050 Shares of Brookfield Co. (NYSE:BN)

Intact Investment Management Inc. grew its position in shares of Brookfield Co. (NYSE:BN) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 668,600 shares of the company’s stock after purchasing an additional 26,050 shares during the quarter. Brookfield makes up about 1.3% of Intact Investment Management Inc.’s investment portfolio, making the stock its 20th largest position. Intact Investment Management Inc.’s holdings in Brookfield were worth $38,424,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Aviso Financial Inc. boosted its holdings in Brookfield by 2.4% during the 4th quarter. Aviso Financial Inc. now owns 1,506,285 shares of the company’s stock valued at $86,555,000 after acquiring an additional 34,857 shares during the period. Madison Investment Advisors LLC purchased a new stake in Brookfield during the 4th quarter valued at about $69,700,000. Commonwealth Equity Services LLC boosted its holdings in Brookfield by 0.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 266,842 shares of the company’s stock valued at $15,330,000 after acquiring an additional 1,123 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Brookfield by 11.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,507,113 shares of the company’s stock valued at $373,527,000 after acquiring an additional 668,630 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in Brookfield by 18.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 919,350 shares of the company’s stock valued at $52,817,000 after acquiring an additional 143,004 shares during the period. 61.60% of the stock is currently owned by institutional investors.

Brookfield Stock Down 3.3 %

Shares of NYSE:BN opened at $48.63 on Friday. Brookfield Co. has a 52-week low of $38.18 and a 52-week high of $62.78. The firm has a market capitalization of $80.05 billion, a P/E ratio of 162.10 and a beta of 1.65. The stock has a 50 day moving average price of $57.82 and a 200-day moving average price of $55.84. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21.

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

Brookfield Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s dividend payout ratio (DPR) is presently 120.00%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BN shares. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. TD Securities increased their price objective on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Morgan Stanley started coverage on Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price objective for the company. CIBC increased their price objective on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a report on Thursday, January 23rd. Finally, Scotiabank increased their price objective on Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.00.

About Brookfield

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.