Ashton Thomas Securities LLC Purchases 1,704 Shares of Brookfield Co. (NYSE:BN)

Ashton Thomas Securities LLC raised its position in Brookfield Co. (NYSE:BN) by 1.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 92,008 shares of the company’s stock after buying an additional 1,704 shares during the quarter. Brookfield comprises about 1.5% of Ashton Thomas Securities LLC’s portfolio, making the stock its 15th largest holding. Ashton Thomas Securities LLC’s holdings in Brookfield were worth $5,286,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans bought a new position in shares of Brookfield in the 3rd quarter valued at $223,000. Nwam LLC acquired a new stake in Brookfield in the third quarter valued at about $370,000. Cerity Partners LLC grew its position in Brookfield by 20.2% in the third quarter. Cerity Partners LLC now owns 97,719 shares of the company’s stock valued at $5,194,000 after acquiring an additional 16,425 shares during the last quarter. Algert Global LLC bought a new position in shares of Brookfield in the third quarter worth about $1,585,000. Finally, Douglass Winthrop Advisors LLC acquired a new stake in shares of Brookfield in the 3rd quarter valued at approximately $229,000. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Performance

NYSE BN opened at $55.38 on Tuesday. The company has a market capitalization of $91.19 billion, a price-to-earnings ratio of 184.60 and a beta of 1.65. 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 twelve month low of $38.18 and a twelve month high of $62.78. The stock has a fifty day simple moving average of $57.08 and a 200 day simple moving average of $56.08.

Brookfield (NYSE:BN) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, beating 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%. Sell-side analysts expect that Brookfield Co. will post 3.85 EPS 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 given a $0.09 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.65%. Brookfield’s dividend payout ratio (DPR) is currently 120.00%.

Analyst Upgrades and Downgrades

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

Brookfield 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.