Capital World Investors grew its position in shares of Brookfield Co. (NYSE:BN - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,020,303 shares of the company's stock after purchasing an additional 1,782,034 shares during the period. Capital World Investors owned approximately 3.59% of Brookfield worth $3,390,786,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Haverford Trust Co raised its holdings in Brookfield by 4.7% during the 4th quarter. Haverford Trust Co now owns 4,308 shares of the company's stock valued at $247,000 after buying an additional 192 shares during the period. Orion Portfolio Solutions LLC increased its position in Brookfield by 1.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 16,616 shares of the company's stock valued at $955,000 after acquiring an additional 197 shares during the last quarter. Pittenger & Anderson Inc. raised its stake in shares of Brookfield by 14.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company's stock valued at $90,000 after acquiring an additional 203 shares during the period. Pinnacle Bancorp Inc. boosted its stake in shares of Brookfield by 29.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock worth $56,000 after purchasing an additional 221 shares during the period. Finally, Citizens Financial Group Inc. RI grew its holdings in Brookfield by 5.8% during the 4th quarter. Citizens Financial Group Inc. RI now owns 4,350 shares of the company's stock valued at $250,000 after purchasing an additional 240 shares during the last quarter. 61.60% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on BN shares. TD Securities raised their price target on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. CIBC boosted their target price 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. Scotiabank reduced their price target on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 7th. JPMorgan Chase & Co. decreased their price objective on shares of 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 dropped their target price on shares of Brookfield from $83.00 to $61.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $62.88.
View Our Latest Stock Report on Brookfield
Brookfield Stock Up 3.4 %
NYSE BN traded up $1.73 during trading on Thursday, hitting $52.73. The company's stock had a trading volume of 935,720 shares, compared to its average volume of 3,102,073. Brookfield Co. has a fifty-two week low of $39.27 and a fifty-two week 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 company has a market cap of $86.82 billion, a PE ratio of 175.83 and a beta of 1.60. The business's 50 day simple moving average is $52.59 and its 200-day simple moving average is $55.81.
Brookfield (NYSE:BN - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts anticipate that Brookfield Co. will post 3.85 EPS for the current fiscal year.
Brookfield Announces Dividend
The company also recently declared 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. The ex-dividend date was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.68%. Brookfield's dividend payout ratio is currently 120.00%.
Brookfield Company Profile
(
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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