Davidson Kahn Capital Management LLC Buys New Shares in Brookfield Co. (NYSE:BN)

Davidson Kahn Capital Management LLC acquired a new position in shares of Brookfield Co. (NYSE:BN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 51,109 shares of the company's stock, valued at approximately $2,936,000. Brookfield makes up approximately 2.7% of Davidson Kahn Capital Management LLC's investment portfolio, making the stock its 11th largest position.

Several other institutional investors have also recently added to or reduced their stakes in the business. Compass Planning Associates Inc bought a new position in Brookfield in the 4th quarter worth approximately $30,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Brookfield in the fourth quarter worth $48,000. Transce3nd LLC acquired a new stake in Brookfield during the fourth quarter worth $51,000. Promus Capital LLC acquired a new stake in shares of Brookfield during the fourth quarter worth approximately $55,000. Finally, Pinnacle Bancorp Inc. lifted its holdings in Brookfield by 29.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock worth $56,000 after buying an additional 221 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. CIBC lifted their price target on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research note on Thursday, January 23rd. TD Securities reduced their price objective on shares of Brookfield from $77.00 to $74.00 and set a "buy" rating on the stock in a research note on Monday. Morgan Stanley lowered 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. JPMorgan Chase & Co. decreased their target price on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Scotiabank lowered their price target 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. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Brookfield has a consensus rating of "Moderate Buy" and a consensus price target of $62.75.

Brookfield Stock Performance

Shares of NYSE:BN traded down $0.11 on Tuesday, hitting $54.53. 972,556 shares of the company were exchanged, compared to its average volume of 2,753,417. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. The stock's 50 day moving average price is $51.72 and its 200 day moving average price is $55.84. The firm has a market capitalization of $89.83 billion, a P/E ratio of 181.68 and a beta of 1.64. Brookfield Co. has a 1-year low of $39.97 and a 1-year high of $62.78.

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, 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%. Sell-side analysts predict 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 given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield's dividend payout ratio (DPR) 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.