Brookfield Co. (NYSE:BN) Shares Purchased by Third Point LLC

Third Point LLC boosted its holdings in Brookfield Co. (NYSE:BN - Free Report) by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,990,000 shares of the company's stock after buying an additional 265,000 shares during the period. Brookfield makes up about 3.9% of Third Point LLC's investment portfolio, making the stock its 7th largest position. Third Point LLC owned about 0.30% of Brookfield worth $286,676,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Brookfield by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 59,904,458 shares of the company's stock valued at $3,443,129,000 after acquiring an additional 974,533 shares during the period. Capital World Investors grew its holdings in shares of Brookfield by 3.1% during the 4th quarter. Capital World Investors now owns 59,020,303 shares of the company's stock worth $3,390,786,000 after purchasing an additional 1,782,034 shares in the last quarter. FIL Ltd increased its position in shares of Brookfield by 8.8% during the fourth quarter. FIL Ltd now owns 20,354,516 shares of the company's stock valued at $1,169,912,000 after purchasing an additional 1,640,903 shares during the period. Norges Bank acquired a new position in shares of Brookfield in the fourth quarter valued at $973,591,000. Finally, CIBC Asset Management Inc lifted its position in Brookfield by 6.2% in the fourth quarter. CIBC Asset Management Inc now owns 14,178,133 shares of the company's stock worth $814,585,000 after purchasing an additional 823,428 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BN shares. Scotiabank lowered their price target on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a report on Monday, April 7th. CIBC increased their price target on shares of Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a research report on Thursday, January 23rd. TD Securities lifted their price objective on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Morgan Stanley lowered their price objective on Brookfield from $83.00 to $61.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. cut their target price on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. One 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.com, Brookfield currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.88.

Brookfield Price Performance

Shares of BN traded up $1.44 on Friday, hitting $55.52. The company's stock had a trading volume of 1,592,284 shares, compared to its average volume of 2,761,957. The company has a market capitalization of $91.47 billion, a PE ratio of 185.07 and a beta of 1.60. Brookfield Co. has a fifty-two week low of $39.97 and a fifty-two week high of $62.78. The company has a 50 day moving average price of $51.78 and a 200 day moving average price of $55.85. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09.

Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. On average, research analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

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 was Friday, March 14th. Brookfield's payout ratio is presently 120.00%.

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.