Tidal Investments LLC Invests $326,000 in Brookfield Co. (NYSE:BN)

Tidal Investments LLC purchased a new position in shares of Brookfield Co. (NYSE:BN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,667 shares of the company's stock, valued at approximately $326,000.

A number of other large investors have also recently bought and sold shares of the company. CoreCap Advisors LLC bought a new stake in shares of Brookfield during the 4th quarter worth approximately $29,000. Compass Planning Associates Inc bought a new stake in shares of Brookfield during the 4th quarter worth approximately $30,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Brookfield during the 4th quarter worth approximately $48,000. Transce3nd LLC bought a new stake in shares of Brookfield during the 4th quarter worth approximately $51,000. Finally, Promus Capital LLC bought a new stake in shares of Brookfield during the 4th quarter worth approximately $55,000. Institutional investors and hedge funds own 61.60% of the company's stock.

Analysts Set New Price Targets

BN has been the topic of a number of research analyst reports. Morgan Stanley restated an "overweight" rating on shares of Brookfield in a research note on Monday, May 19th. TD Securities dropped their price target on Brookfield from $77.00 to $74.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. CIBC dropped their price target on Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a research note on Friday, May 9th. Wall Street Zen cut Brookfield from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Scotiabank dropped their price target on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.00.

Brookfield Stock Performance

NYSE BN traded down $0.26 on Wednesday, reaching $57.93. The stock had a trading volume of 1,419,765 shares, compared to its average volume of 2,713,005. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The firm has a fifty day moving average of $53.79 and a two-hundred day moving average of $56.20. Brookfield Co. has a 1-year low of $39.97 and a 1-year high of $62.78. The company has a market cap of $95.44 billion, a P/E ratio of 193.11 and a beta of 1.64.

Brookfield (NYSE:BN - Get Free Report) last issued 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 firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. On average, equities research analysts anticipate that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Friday, June 13th. Brookfield's dividend payout ratio (DPR) is currently 128.57%.

Brookfield Company 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.