Fayez Sarofim & Co Acquires Shares of 20,262 Brookfield Co. (NYSE:BN)

Fayez Sarofim & Co purchased a new position in shares of Brookfield Co. (NYSE:BN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,262 shares of the company's stock, valued at approximately $1,164,000.

Other hedge funds also recently bought and sold shares of the company. Compass Planning Associates Inc purchased a new position in Brookfield during the fourth quarter worth $30,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Brookfield in the fourth quarter valued at $48,000. Transce3nd LLC purchased a new position in Brookfield during the fourth quarter worth about $51,000. Promus Capital LLC acquired a new stake in Brookfield in the 4th quarter worth about $55,000. Finally, Pinnacle Bancorp Inc. grew its holdings in Brookfield by 29.5% in the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock valued at $56,000 after buying an additional 221 shares during the period. Hedge funds and other institutional investors own 61.60% of the company's stock.

Brookfield Trading Up 0.8 %

BN traded up $0.41 on Friday, reaching $53.33. 2,976,436 shares of the company's stock were exchanged, compared to its average volume of 2,813,347. The company's 50 day moving average is $52.27 and its 200-day moving average is $55.86. The company has a market cap of $87.86 billion, a price-to-earnings ratio of 177.77 and a beta of 1.60. Brookfield Co. has a twelve month low of $39.78 and a twelve month 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 posted its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, topping 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%. Equities analysts predict that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield's dividend payout ratio (DPR) is 120.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Scotiabank dropped their price objective on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a research note on Monday, April 7th. TD Securities upped their price objective on shares of Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. CIBC upped their price objective on shares of Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research note on Thursday, January 23rd. Morgan Stanley dropped 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. Finally, JPMorgan Chase & Co. dropped 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, Brookfield currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.88.

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.