Arrowstreet Capital Limited Partnership Has $18.04 Million Stake in Brookfield Co. (NYSE:BN)

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

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Brookfield by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 59,904,458 shares of the company’s stock valued at $3,443,129,000 after buying an additional 974,533 shares during the period. Norges Bank bought a new position in Brookfield in the fourth quarter valued at approximately $973,591,000. CIBC Asset Management Inc raised its position in Brookfield by 6.2% during the fourth quarter. CIBC Asset Management Inc now owns 14,178,133 shares of the company’s stock valued at $814,585,000 after purchasing an additional 823,428 shares in the last quarter. EdgePoint Investment Group Inc. lifted its stake in Brookfield by 1.7% during the third quarter. EdgePoint Investment Group Inc. now owns 11,512,817 shares of the company’s stock worth $611,383,000 after purchasing an additional 196,790 shares during the last quarter. Finally, Toronto Dominion Bank boosted its holdings in shares of Brookfield by 23.4% in the 3rd quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock valued at $364,152,000 after purchasing an additional 1,301,072 shares in the last quarter. 61.60% of the stock is owned by institutional investors.

Brookfield Stock Down 8.2 %

NYSE:BN opened at $46.23 on Friday. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The company has a market cap of $76.13 billion, a PE ratio of 154.12 and a beta of 1.65. The firm’s 50 day simple moving average is $56.03 and its 200 day simple moving average is $56.24.

Brookfield (NYSE:BN) last issued its quarterly earnings data 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 net margin of 0.75% and a return on equity of 3.93%. On average, research analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.78%. Brookfield’s payout ratio is 120.00%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. TD Securities upped their price objective on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Scotiabank increased their target price 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. CIBC lifted their price target on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a 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 objective for the company. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.