Brookfield Co. (NYSE:BN) Shares Acquired by Barclays PLC

Barclays PLC boosted its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 9.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 77,947 shares of the company's stock after acquiring an additional 6,545 shares during the period. Barclays PLC's holdings in Brookfield were worth $4,478,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Compass Planning Associates Inc purchased a new position in shares of Brookfield in the fourth quarter worth about $30,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Brookfield in the fourth quarter valued at approximately $48,000. Promus Capital LLC purchased a new stake in shares of Brookfield in the fourth quarter valued at approximately $55,000. Pinnacle Bancorp Inc. increased its holdings in shares of Brookfield by 29.5% in the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock valued at $56,000 after purchasing an additional 221 shares during the last quarter. Finally, Albion Financial Group UT acquired a new position in Brookfield during the fourth quarter worth $57,000. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Stock Up 2.5 %

Brookfield stock traded up $1.35 during midday trading on Friday, reaching $55.43. The company's stock had a trading volume of 504,042 shares, compared to its average volume of 3,011,618. The company has a market cap of $91.32 billion, a P/E ratio of 184.77 and a beta of 1.60. 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 business has a 50-day simple moving average of $51.82 and a 200-day simple moving average of $55.83. Brookfield Co. has a fifty-two week low of $39.97 and a fifty-two week high of $62.78.

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

Brookfield Announces Dividend

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

Wall Street Analysts Forecast Growth

BN has been the topic of several recent research reports. Morgan Stanley lowered their price objective on Brookfield from $83.00 to $61.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Scotiabank decreased their target price on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 7th. JPMorgan Chase & Co. dropped their price target on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. 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 report on Tuesday, February 11th. Finally, CIBC upped their price target on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Brookfield has an average rating of "Moderate Buy" and a consensus price target of $62.88.

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.