Cetera Investment Advisers Purchases 5,917 Shares of Brookfield Co. (NYSE:BN)

Cetera Investment Advisers boosted its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 1.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 333,397 shares of the company's stock after purchasing an additional 5,917 shares during the period. Cetera Investment Advisers' holdings in Brookfield were worth $19,155,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Barclays PLC increased its position in Brookfield by 521.1% in the 3rd 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 last quarter. GAMMA Investing LLC increased its position in Brookfield by 85.5% in the 4th quarter. GAMMA Investing LLC now owns 1,957 shares of the company's stock worth $112,000 after purchasing an additional 902 shares during the last quarter. Douglas Lane & Associates LLC increased its position in Brookfield by 28.8% in the 4th quarter. Douglas Lane & Associates LLC now owns 11,305 shares of the company's stock worth $649,000 after purchasing an additional 2,529 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Brookfield by 0.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 113,397 shares of the company's stock worth $6,027,000 after purchasing an additional 357 shares during the last quarter. Finally, Tuttle Capital Management LLC increased its position in Brookfield by 34.8% in the 4th quarter. Tuttle Capital Management LLC now owns 8,807 shares of the company's stock worth $506,000 after purchasing an additional 2,272 shares during the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Scotiabank lowered their price objective on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a report on Monday, April 7th. CIBC lowered their price objective on Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a report on Friday, May 9th. Morgan Stanley reduced their price objective on shares of Brookfield from $83.00 to $61.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. TD Securities reduced their price objective on shares of Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $63.00.

Brookfield Price Performance

NYSE:BN traded up $0.19 during mid-day trading on Wednesday, reaching $59.56. 855,098 shares of the company were exchanged, compared to its average volume of 2,967,989. Brookfield Co. has a 12 month low of $39.97 and a 12 month high of $62.78. The company has a fifty day moving average of $51.92 and a 200 day moving average of $55.95. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. The stock has a market cap of $98.12 billion, a PE ratio of 198.54 and a beta of 1.64.

Brookfield (NYSE:BN - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.08. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. On average, research analysts anticipate that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, June 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.60%. Brookfield's payout ratio is currently 128.57%.

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.