Bamco Inc. NY Grows Stock Holdings in Brookfield Co. (NYSE:BN)

Bamco Inc. NY grew its holdings in Brookfield Co. (NYSE:BN - Free Report) by 22.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,391,691 shares of the company's stock after purchasing an additional 442,219 shares during the quarter. Bamco Inc. NY owned 0.15% of Brookfield worth $137,403,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Compass Planning Associates Inc acquired a new stake in Brookfield in the fourth quarter valued at $30,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Brookfield in the 4th quarter worth $48,000. Transce3nd LLC acquired a new position in Brookfield during the 4th quarter worth approximately $51,000. Promus Capital LLC acquired a new position in Brookfield in the 4th quarter worth $55,000. Finally, Pinnacle Bancorp Inc. increased its position in shares of Brookfield by 29.5% during the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock worth $56,000 after acquiring an additional 221 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on BN shares. CIBC upped their price objective on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a research note on Thursday, January 23rd. Scotiabank cut their target price on shares of 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 decreased their price target on shares of Brookfield from $83.00 to $61.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. reduced their target price on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, TD Securities decreased their price objective on shares of Brookfield from $77.00 to $74.00 and set a "buy" rating on the stock in a report on Monday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $62.75.

Brookfield Price Performance

BN traded up $1.18 during trading on Wednesday, hitting $55.71. 3,126,748 shares of the stock traded hands, compared to its average volume of 2,759,493. The business has a 50 day moving average price of $51.63 and a 200 day moving average price of $55.83. Brookfield Co. has a twelve month low of $39.97 and a twelve month 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 $91.78 billion, a price-to-earnings ratio of 185.71 and a beta of 1.64.

Brookfield (NYSE:BN - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $1.01 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 research analysts forecast that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield's dividend payout ratio is 120.00%.

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.