Bank of New York Mellon Corp Has $140.36 Million Stock Position in Brookfield Co. (NYSE:BN)

Bank of New York Mellon Corp lifted its position in shares of Brookfield Co. (NYSE:BN) by 3.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,443,095 shares of the company’s stock after buying an additional 72,770 shares during the quarter. Bank of New York Mellon Corp’s holdings in Brookfield were worth $140,356,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Compass Planning Associates Inc acquired a new position in Brookfield in the fourth quarter valued at about $30,000. First Personal Financial Services acquired a new position in Brookfield in the third quarter valued at about $42,000. FSA Wealth Management LLC acquired a new position in Brookfield in the third quarter valued at about $42,000. Prestige Wealth Management Group LLC raised its stake in Brookfield by 137.0% in the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after purchasing an additional 500 shares in the last quarter. Finally, Continuum Advisory LLC acquired a new position in Brookfield in the third quarter valued at about $55,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analysts Set New Price Targets

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

Brookfield Stock Performance

NYSE:BN opened at $57.88 on Friday. The stock has a market cap of $95.28 billion, a P/E ratio of 192.94 and a beta of 1.57. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. The stock’s 50-day moving average is $58.60 and its 200-day moving average is $55.46. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.78.

Brookfield (NYSE:BN) last released its quarterly 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%. Equities research analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Friday, March 14th. Brookfield’s dividend payout ratio (DPR) is currently 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.