Family Management Corp Invests $563,000 in Brookfield Co. (NYSE:BN)

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

Several other institutional investors have also modified their holdings of BN. Vanguard Group Inc. boosted its holdings in Brookfield by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 59,904,458 shares of the company's stock valued at $3,443,129,000 after purchasing an additional 974,533 shares during the last quarter. Capital World Investors boosted its holdings in Brookfield by 3.1% in the 4th quarter. Capital World Investors now owns 59,020,303 shares of the company's stock valued at $3,390,786,000 after purchasing an additional 1,782,034 shares during the last quarter. FIL Ltd boosted its holdings in Brookfield by 8.8% in the 4th quarter. FIL Ltd now owns 20,354,516 shares of the company's stock valued at $1,169,912,000 after purchasing an additional 1,640,903 shares during the last quarter. Norges Bank purchased a new stake in shares of Brookfield in the 4th quarter valued at approximately $973,591,000. Finally, CIBC Asset Management Inc raised its stake in shares of Brookfield by 6.2% in the 4th quarter. CIBC Asset Management Inc now owns 14,178,133 shares of the company's stock valued at $814,585,000 after acquiring an additional 823,428 shares during the period. Institutional investors and hedge funds own 61.60% of the company's stock.

Brookfield Stock Up 1.7%

Shares of NYSE:BN traded up $1.02 during trading hours on Tuesday, reaching $59.72. The stock had a trading volume of 1,768,619 shares, compared to its average volume of 2,735,486. Brookfield Co. has a 1 year low of $39.97 and a 1 year high of $62.78. The firm's 50 day moving average is $51.78 and its 200-day moving average is $55.92. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21. The stock has a market capitalization of $98.39 billion, a price-to-earnings ratio of 199.07 and a beta of 1.64.

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

Brookfield Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, June 13th. This represents a $0.36 annualized dividend and a yield of 0.60%. Brookfield's dividend payout ratio is presently 128.57%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BN shares. 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. Morgan Stanley lowered 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 cut their target price on shares of Brookfield from $77.00 to $74.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. JPMorgan Chase & Co. cut their target price on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, CIBC cut their target price on shares of Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a research note on Friday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Brookfield presently has a consensus rating of "Moderate Buy" and an average target price of $63.00.

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.