Arrowstreet Capital Limited Partnership Buys 146,082 Shares of Brookfield Co. (NYSE:BN)

Arrowstreet Capital Limited Partnership increased its stake in Brookfield Co. (NYSE:BN) by 86.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 314,143 shares of the company’s stock after purchasing an additional 146,082 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Brookfield were worth $18,037,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Compass Planning Associates Inc acquired a new stake in shares of Brookfield in the fourth quarter valued at approximately $30,000. Prestige Wealth Management Group LLC increased its stake in Brookfield by 137.0% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after buying an additional 500 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Brookfield during the 4th quarter worth about $48,000. Continuum Advisory LLC acquired a new position in shares of Brookfield during the 3rd quarter worth about $55,000. Finally, Promus Capital LLC bought a new position in shares of Brookfield in the 4th quarter valued at about $55,000. Institutional investors own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. TD Securities upped their target price on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. CIBC increased their price objective on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd. Morgan Stanley initiated coverage on shares of Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price on the stock. Finally, Scotiabank increased their price target on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $64.00.

Brookfield Trading Down 8.2 %

Shares of Brookfield stock opened at $46.23 on Friday. Brookfield Co. has a 1 year low of $38.18 and a 1 year high of $62.78. The company has a market capitalization of $76.13 billion, a price-to-earnings ratio of 154.12 and a beta of 1.65. The business has a fifty day simple moving average of $56.03 and a two-hundred day simple moving average of $56.24. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09.

Brookfield (NYSE:BN) last announced its earnings results on Thursday, February 13th. The company reported $1.01 EPS 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%. Research analysts forecast that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.09 per share. The ex-dividend date was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.78%. 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.