The Manufacturers Life Insurance Company Has $682.50 Million Holdings in Brookfield Co. (NYSE:BN)

The Manufacturers Life Insurance Company boosted its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,866,447 shares of the company's stock after purchasing an additional 129,735 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.72% of Brookfield worth $682,497,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BN. Beacon Pointe Advisors LLC lifted its stake in Brookfield by 3.1% in the fourth quarter. Beacon Pointe Advisors LLC now owns 69,483 shares of the company's stock valued at $3,992,000 after buying an additional 2,109 shares during the last quarter. Rinkey Investments grew its stake in Brookfield by 70.6% in the 4th quarter. Rinkey Investments now owns 21,405 shares of the company's stock valued at $1,230,000 after acquiring an additional 8,855 shares during the last quarter. Johnson Financial Group Inc. increased its stake in shares of Brookfield by 40.5% during the 4th quarter. Johnson Financial Group Inc. now owns 1,103 shares of the company's stock worth $68,000 after purchasing an additional 318 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Brookfield in the fourth quarter worth $3,981,000. Finally, Integrated Wealth Concepts LLC lifted its holdings in Brookfield by 13.6% in the 4th quarter. Integrated Wealth Concepts LLC now owns 22,026 shares of the company's stock valued at $1,265,000 after purchasing an additional 2,637 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company's stock.

Wall Street Analyst Weigh In

BN has been the subject of a number of recent analyst reports. CIBC boosted their target price on shares of Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a report on Thursday, January 23rd. Scotiabank lowered their target price on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a research note on Monday, April 7th. Morgan Stanley decreased their price objective on shares of Brookfield from $83.00 to $61.00 and set an "overweight" rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. dropped their target price on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, TD Securities upped their target price on shares of Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Brookfield currently has an average rating of "Moderate Buy" and a consensus target price of $62.88.

Brookfield Price Performance

Shares of BN stock traded up $1.44 during trading hours on Friday, hitting $55.52. 1,592,283 shares of the company's stock were exchanged, compared to its average volume of 2,784,935. 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 Co. has a 52 week low of $39.97 and a 52 week high of $62.78. The stock's 50-day moving average is $51.82 and its 200-day moving average is $55.83. The stock has a market cap of $91.47 billion, a price-to-earnings ratio of 185.07 and a beta of 1.60.

Brookfield (NYSE:BN - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, beating 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%. As a group, research analysts forecast that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield's dividend payout ratio (DPR) is currently 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.