Burling Wealth Partners LLC Acquires Shares of 14,355 Brookfield Co. (NYSE:BN)

Burling Wealth Partners LLC bought a new stake in Brookfield Co. (NYSE:BN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,355 shares of the company's stock, valued at approximately $825,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Brookfield in the fourth quarter worth $973,591,000. Baillie Gifford & Co. increased its holdings in Brookfield by 809.5% during the 4th quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company's stock worth $211,159,000 after purchasing an additional 3,271,403 shares during the period. Regents of The University of California acquired a new stake in Brookfield in the 4th quarter valued at about $154,140,000. Geode Capital Management LLC raised its holdings in Brookfield by 32.0% in the fourth quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company's stock valued at $460,489,000 after acquiring an additional 1,930,218 shares in the last quarter. Finally, Capital World Investors grew its holdings in 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 acquiring an additional 1,782,034 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. CIBC lifted their price objective 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 upped their price objective on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Scotiabank cut their target price on 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. lowered their price target on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, Morgan Stanley cut their price objective 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. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.88.

Brookfield Stock Performance

Shares of Brookfield stock traded up $0.31 during trading on Tuesday, reaching $53.64. The company's stock had a trading volume of 418,544 shares, compared to its average volume of 2,797,634. The company has a 50-day moving average price of $52.13 and a two-hundred day moving average price of $55.86. Brookfield Co. has a fifty-two week low of $39.78 and a fifty-two week high of $62.78. The firm has a market cap of $88.36 billion, a PE ratio of 178.54 and a beta of 1.60. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40.

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

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors 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 0.67%. The ex-dividend date was Friday, March 14th. Brookfield's dividend payout ratio is presently 120.00%.

Brookfield 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.