Brookfield Co. (NYSE:BN) Stock Position Increased by Blair William & Co. IL

Blair William & Co. IL boosted its position in shares of Brookfield Co. (NYSE:BN) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 114,740 shares of the company’s stock after buying an additional 5,223 shares during the quarter. Blair William & Co. IL’s holdings in Brookfield were worth $6,592,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans acquired a new position in Brookfield in the third quarter worth approximately $223,000. PEAK6 Investments LLC grew its holdings in shares of Brookfield by 181.1% in the 3rd quarter. PEAK6 Investments LLC now owns 13,971 shares of the company’s stock worth $743,000 after acquiring an additional 9,001 shares during the last quarter. Verition Fund Management LLC raised its position in shares of Brookfield by 216.3% during the third quarter. Verition Fund Management LLC now owns 47,617 shares of the company’s stock worth $2,531,000 after purchasing an additional 32,564 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings 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 valued at $24,594,000 after purchasing an additional 263,375 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY boosted its position in shares of Brookfield by 0.5% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 479,202 shares of the company’s stock valued at $25,470,000 after purchasing an additional 2,159 shares during the period. 61.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BN has been the topic of several recent analyst reports. Morgan Stanley assumed coverage on Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective on the stock. TD Securities boosted their price target on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Scotiabank lifted their price objective on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 3rd. Finally, CIBC increased their target price on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd. 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 currently has a consensus rating of “Moderate Buy” and an average target price of $64.00.

Brookfield Trading Down 4.4 %

Brookfield stock opened at $51.77 on Monday. 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 12 month low of $38.18 and a 12 month high of $62.78. The company’s fifty day simple moving average is $56.83 and its 200-day simple moving average is $56.27. The stock has a market cap of $85.25 billion, a P/E ratio of 172.57 and a beta of 1.65.

Brookfield (NYSE:BN) last issued its earnings results 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 return on equity of 3.93% and a net margin of 0.75%. As a group, sell-side analysts forecast that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s dividend payout ratio (DPR) is presently 120.00%.

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.