EP Wealth Advisors LLC bought a new stake in Brookfield Co. (NYSE:BN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,304 shares of the company's stock, valued at approximately $305,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. CoreCap Advisors LLC purchased a new stake in Brookfield in the 4th quarter valued at approximately $29,000. Compass Planning Associates Inc acquired a new stake in shares of Brookfield in the 4th quarter valued at approximately $30,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Brookfield in the 4th quarter valued at approximately $48,000. Transce3nd LLC purchased a new stake in shares of Brookfield in the fourth quarter valued at approximately $51,000. Finally, Promus Capital LLC purchased a new stake in shares of Brookfield in the fourth quarter valued at approximately $55,000. 61.60% of the stock is currently owned by institutional investors and hedge funds.
Brookfield Stock Up 3.6%
Shares of NYSE BN opened at $58.72 on Tuesday. The firm's 50-day moving average is $51.78 and its two-hundred day moving average is $55.92. The company has a market capitalization of $96.74 billion, a PE ratio of 195.74 and a beta of 1.64. Brookfield Co. has a 12-month low of $39.97 and a 12-month 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 issued its quarterly earnings data on Thursday, May 8th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.08. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. Equities analysts anticipate that Brookfield Co. will post 3.85 EPS for the current fiscal year.
Brookfield Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.09 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.36 annualized dividend and a dividend yield of 0.61%. Brookfield's dividend payout ratio is currently 128.57%.
Analyst Upgrades and Downgrades
A number of research firms have commented on BN. TD Securities reduced their target price on Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a report on Monday, May 5th. Scotiabank cut their price target on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a report on Monday, April 7th. 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. Morgan Stanley lowered their target price on shares of Brookfield from $83.00 to $61.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, CIBC dropped their target price on shares of Brookfield from $74.00 to $72.00 and set an "outperformer" rating for the company in a report on Friday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $63.00.
Read Our Latest Report on BN
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.
See Also
Want to see what other hedge funds are holding BN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Co. (NYSE:BN - Free Report).
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