Quinn Opportunity Partners LLC Buys 25,000 Shares of Brookfield Co. (NYSE:BN)

Quinn Opportunity Partners LLC increased its stake in Brookfield Co. (NYSE:BN) by 66.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,600 shares of the company’s stock after buying an additional 25,000 shares during the period. Quinn Opportunity Partners LLC’s holdings in Brookfield were worth $3,596,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BN. Haverford Trust Co grew its position in shares of Brookfield by 4.7% in the 4th quarter. Haverford Trust Co now owns 4,308 shares of the company’s stock worth $247,000 after buying an additional 192 shares during the period. Orion Portfolio Solutions LLC boosted its stake in Brookfield by 1.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 16,616 shares of the company’s stock worth $955,000 after acquiring an additional 197 shares in the last quarter. Pittenger & Anderson Inc. grew its holdings in Brookfield by 14.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company’s stock worth $90,000 after purchasing an additional 203 shares during the period. Pinnacle Bancorp Inc. increased its stake in shares of Brookfield by 29.5% during the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock valued at $56,000 after purchasing an additional 221 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its stake in shares of Brookfield by 5.8% during the fourth quarter. Citizens Financial Group Inc. RI now owns 4,350 shares of the company’s stock valued at $250,000 after purchasing an additional 240 shares in the last quarter. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BN has been the topic of a number of analyst reports. Scotiabank dropped their price target on Brookfield from $71.00 to $68.00 and set a “sector outperform” rating on the stock in a research report on Monday. TD Securities increased their target price on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. CIBC lifted their price target on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley began coverage on shares of Brookfield in a research note on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price target on the stock. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.63.

Brookfield Trading Down 7.1 %

Brookfield stock opened at $46.85 on Friday. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78. The business’s fifty day moving average is $54.41 and its 200 day moving average is $56.05. The stock has a market capitalization of $77.14 billion, a PE ratio of 156.16 and a beta of 1.60. 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 quarterly earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.13. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. On average, sell-side analysts predict that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.77%. Brookfield’s dividend payout ratio 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.