Baird Financial Group Inc. Grows Position in Brookfield Co. (NYSE:BN)

Baird Financial Group Inc. raised its position in Brookfield Co. (NYSE:BN - Free Report) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 152,848 shares of the company's stock after purchasing an additional 17,825 shares during the quarter. Baird Financial Group Inc.'s holdings in Brookfield were worth $8,781,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Barclays PLC grew its stake in Brookfield by 521.1% in the third quarter. Barclays PLC now owns 71,402 shares of the company's stock valued at $3,794,000 after acquiring an additional 59,906 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Brookfield by 85.5% in the fourth quarter. GAMMA Investing LLC now owns 1,957 shares of the company's stock valued at $112,000 after purchasing an additional 902 shares in the last quarter. Douglas Lane & Associates LLC lifted its holdings in shares of Brookfield by 28.8% in the fourth quarter. Douglas Lane & Associates LLC now owns 11,305 shares of the company's stock valued at $649,000 after purchasing an additional 2,529 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Brookfield by 0.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 113,397 shares of the company's stock worth $6,027,000 after acquiring an additional 357 shares during the period. Finally, Tuttle Capital Management LLC lifted its holdings in Brookfield by 34.8% during the fourth quarter. Tuttle Capital Management LLC now owns 8,807 shares of the company's stock worth $506,000 after acquiring an additional 2,272 shares during the period. 61.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BN. Scotiabank decreased their target price on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a research report on Monday, April 7th. Morgan Stanley reduced their price target on Brookfield from $83.00 to $61.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. TD Securities reduced their price target on Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a research report on Monday, May 5th. JPMorgan Chase & Co. reduced their price target on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, CIBC reduced their price target on Brookfield from $74.00 to $72.00 and set an "outperformer" rating for the company in a research report on Friday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $63.00.

Brookfield Trading Up 3.6%

Shares of NYSE BN traded up $2.02 during midday trading on Monday, reaching $58.72. The company had a trading volume of 2,195,698 shares, compared to its average volume of 2,739,055. Brookfield Co. has a one year low of $39.97 and a one year high of $62.78. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. The firm's fifty day moving average price is $51.71 and its 200-day moving average price is $55.89. The stock has a market cap of $96.74 billion, a PE ratio of 195.74 and a beta of 1.64.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.08. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. On average, equities research analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.36 annualized dividend and a dividend yield of 0.61%. Brookfield's payout ratio is currently 128.57%.

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.