Blair William & Co. IL Buys 5,223 Shares of Brookfield Co. (NYSE:BN)

Blair William & Co. IL boosted its stake in shares of Brookfield Co. (NYSE:BN) by 4.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,740 shares of the company’s stock after purchasing 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.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Compass Planning Associates Inc bought a new position in shares of Brookfield in the fourth quarter worth about $30,000. FSA Wealth Management LLC bought a new position in Brookfield in the 3rd quarter worth approximately $42,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Brookfield during the fourth quarter worth approximately $48,000. Prestige Wealth Management Group LLC boosted its position in shares of 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 acquiring an additional 500 shares during the period. Finally, Promus Capital LLC acquired a new stake in shares of Brookfield in the fourth quarter worth $55,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analysts Set New Price Targets

BN has been the subject of a number of research reports. TD Securities increased 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 increased their target price 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. CIBC boosted their price target on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley initiated coverage on Brookfield in a research report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

Brookfield Trading Down 4.4 %

BN stock opened at $51.77 on Monday. 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 firm has a market cap of $85.25 billion, a P/E ratio of 172.57 and a beta of 1.65. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.78. The business’s 50 day moving average is $56.83 and its 200-day moving average is $56.27.

Brookfield (NYSE:BN) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) 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 analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.70%. Brookfield’s dividend payout ratio is 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.