Family Management Corp Buys Shares of 9,797 Brookfield Co. (NYSE:BN)

Family Management Corp purchased a new stake in Brookfield Co. (NYSE:BN - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,797 shares of the company's stock, valued at approximately $563,000.

A number of other large investors have also recently bought and sold shares of the business. Barclays PLC boosted its position in shares of 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 buying an additional 59,906 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Brookfield during the 3rd quarter valued at approximately $211,000. GAMMA Investing LLC boosted its position in Brookfield by 85.5% during the 4th quarter. GAMMA Investing LLC now owns 1,957 shares of the company's stock valued at $112,000 after purchasing an additional 902 shares during the period. Douglas Lane & Associates LLC increased its stake in Brookfield by 28.8% during the 4th quarter. Douglas Lane & Associates LLC now owns 11,305 shares of the company's stock valued at $649,000 after buying an additional 2,529 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Brookfield by 0.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 113,397 shares of the company's stock valued at $6,027,000 after acquiring an additional 357 shares during the period. Institutional investors and hedge funds own 61.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley cut their price target 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. Scotiabank decreased their price objective on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a research report on Monday, April 7th. TD Securities reduced their price target on shares of Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Finally, CIBC decreased their target price on shares of Brookfield from $74.00 to $72.00 and set an "outperformer" rating for the company in a research note on Friday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.00.

Brookfield Trading Down 1.5 %

BN traded down $0.88 during mid-day trading on Friday, reaching $56.73. The stock had a trading volume of 2,381,674 shares, compared to its average volume of 2,741,240. The firm's fifty day simple moving average is $51.71 and its two-hundred day simple moving average is $55.87. The stock has a market capitalization of $93.46 billion, a P/E ratio of 189.11 and a beta of 1.64. Brookfield Co. has a 52 week low of $39.97 and a 52 week high of $62.78. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21.

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

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.63%. The ex-dividend date is Friday, June 13th. Brookfield's payout ratio is 128.57%.

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.