Northern Trust Corp Has $82.21 Million Stock Holdings in Brookfield Co. (NYSE:BN)

Northern Trust Corp boosted its holdings in shares of Brookfield Co. (NYSE:BN - Free Report) by 45.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,430,941 shares of the company's stock after purchasing an additional 448,113 shares during the period. Northern Trust Corp owned approximately 0.09% of Brookfield worth $82,208,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC raised its position in shares of Brookfield by 521.1% during the third quarter. Barclays PLC now owns 71,402 shares of the company's stock worth $3,794,000 after purchasing an additional 59,906 shares during the period. Virtu Financial LLC purchased a new position in shares of Brookfield in the third quarter worth approximately $211,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Brookfield in the 3rd quarter valued at approximately $784,000. GAMMA Investing LLC grew its holdings in shares of Brookfield by 85.5% during the fourth quarter. GAMMA Investing LLC now owns 1,957 shares of the company's stock valued at $112,000 after buying an additional 902 shares in the last quarter. Finally, Canandaigua National Trust Co of Florida purchased a new stake in shares of Brookfield during the 4th quarter worth about $368,000. Institutional investors and hedge funds own 61.60% of the company's stock.

Analysts Set New Price Targets

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

Brookfield Price Performance

Shares of Brookfield stock traded up $1.65 during trading on Thursday, hitting $57.54. 3,457,202 shares of the company's stock traded hands, compared to its average volume of 2,750,773. 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 firm's fifty day moving average price is $51.63 and its 200 day moving average price is $55.83. The company has a market cap of $94.80 billion, a PE ratio of 191.81 and a beta of 1.64.

Brookfield (NYSE:BN - Get Free Report) last announced 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%. Analysts forecast that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 dividend on an annualized basis and a yield of 0.63%. Brookfield's payout ratio is presently 120.00%.

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.