Broad Run Investment Management LLC lowered its position in shares of Brookfield Co. (NYSE:BN - Free Report) by 17.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,073,486 shares of the company's stock after selling 224,530 shares during the period. Brookfield comprises approximately 8.4% of Broad Run Investment Management LLC's holdings, making the stock its 2nd largest holding. Broad Run Investment Management LLC owned about 0.07% of Brookfield worth $61,672,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Forsta AP Fonden boosted its position in shares of Brookfield by 4.9% in the 4th quarter. Forsta AP Fonden now owns 287,200 shares of the company's stock worth $16,499,000 after purchasing an additional 13,300 shares in the last quarter. Chemistry Wealth Management LLC boosted its holdings in Brookfield by 10.1% in the fourth quarter. Chemistry Wealth Management LLC now owns 252,597 shares of the company's stock worth $14,512,000 after acquiring an additional 23,159 shares in the last quarter. Triangle Securities Wealth Management grew its stake in shares of Brookfield by 11.2% during the fourth quarter. Triangle Securities Wealth Management now owns 90,137 shares of the company's stock worth $5,178,000 after acquiring an additional 9,048 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Brookfield by 19.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 68,583 shares of the company's stock valued at $3,940,000 after acquiring an additional 11,136 shares in the last quarter. Finally, Guerra Pan Advisors LLC purchased a new position in shares of Brookfield in the 4th quarter valued at approximately $321,000. 61.60% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research firms have weighed in on BN. JPMorgan Chase & Co. dropped their price target on Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. CIBC lifted their price objective on shares of Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research note on Thursday, January 23rd. TD Securities raised their target price on shares of Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Morgan Stanley lowered their price target on shares of Brookfield from $83.00 to $61.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, Scotiabank reduced their price objective 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. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $62.88.
View Our Latest Research Report on BN
Brookfield Stock Up 2.5 %
Shares of BN traded up $1.35 during midday trading on Friday, reaching $55.43. The stock had a trading volume of 955,570 shares, compared to its average volume of 2,782,560. The company has a market cap of $91.32 billion, a price-to-earnings ratio of 184.83 and a beta of 1.60. The company's fifty day simple moving average is $51.82 and its two-hundred day simple moving average is $55.83. Brookfield Co. has a 1-year low of $39.97 and a 1-year 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.
Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.13. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. Equities research analysts expect 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 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 of this dividend was Friday, March 14th. Brookfield's payout ratio is currently 120.00%.
About Brookfield
(
Free Report)
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.
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