Ashton Thomas Securities LLC Has $5.29 Million Stock Position in Brookfield Co. (NYSE:BN)

Ashton Thomas Securities LLC increased its stake in Brookfield Co. (NYSE:BN) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,008 shares of the company’s stock after buying an additional 1,704 shares during the quarter. Brookfield makes up 1.5% of Ashton Thomas Securities LLC’s holdings, making the stock its 15th biggest position. Ashton Thomas Securities LLC’s holdings in Brookfield were worth $5,286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in BN. Baillie Gifford & Co. lifted its stake in Brookfield by 809.5% in the fourth quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company’s stock valued at $211,159,000 after acquiring an additional 3,271,403 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings 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 valued at $623,783,000 after purchasing an additional 2,818,716 shares during the period. Regents of The University of California acquired a new stake in Brookfield in the 4th quarter valued at about $154,140,000. Raymond James Financial Inc. bought a new position in Brookfield during the fourth quarter worth about $82,795,000. Finally, Toronto Dominion Bank increased its position in Brookfield by 23.4% during the third quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock worth $364,152,000 after buying an additional 1,301,072 shares during the last quarter. 61.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. CIBC raised their price objective on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research report on Thursday, January 23rd. Scotiabank raised 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 upped their price objective on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Morgan Stanley began coverage on shares of Brookfield in a research report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Brookfield has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

Brookfield Stock Up 3.2 %

BN opened at $55.38 on Tuesday. The stock has a fifty day moving average of $57.08 and a 200-day moving average of $56.08. The company has a market capitalization of $91.19 billion, a P/E ratio of 184.60 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 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 issued its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.13. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. On average, equities analysts expect that Brookfield Co. will post 3.85 EPS 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 paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Friday, March 14th. Brookfield’s dividend payout ratio (DPR) is currently 120.00%.

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.