Blue Sky Capital Consultants Group Inc. Purchases New Position in Brookfield Co. (NYSE:BN)

Blue Sky Capital Consultants Group Inc. acquired a new stake in shares of Brookfield Co. (NYSE:BN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 85,807 shares of the company's stock, valued at approximately $4,930,000. Brookfield accounts for approximately 3.0% of Blue Sky Capital Consultants Group Inc.'s holdings, making the stock its 12th biggest holding.

Several other institutional investors also recently bought and sold shares of BN. Barclays PLC grew 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 during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Brookfield by 10.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company's stock valued at $148,000 after acquiring an additional 245 shares in the last quarter. Simon Quick Advisors LLC purchased a new position in Brookfield in the fourth quarter worth $449,000. Janney Montgomery Scott LLC increased its position in shares of Brookfield by 19.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 68,583 shares of the company's stock worth $3,940,000 after purchasing an additional 11,136 shares in the last quarter. Finally, Berbice Capital Management LLC purchased a new stake in shares of Brookfield during the 4th quarter valued at $80,000. 61.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BN has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Scotiabank cut their price objective on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a report on Monday, April 7th. TD Securities lowered their target price on shares of Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a research note on Monday, May 5th. CIBC dropped their target price on shares of Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a research report on Friday, May 9th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Brookfield in a report on Monday, May 19th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Brookfield currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.00.

Brookfield Stock Performance

NYSE BN traded down $0.03 during trading hours on Thursday, reaching $57.66. The stock had a trading volume of 744,577 shares, compared to its average volume of 2,721,387. Brookfield Co. has a 52-week low of $39.97 and a 52-week high of $62.78. The stock has a fifty day moving average of $53.42 and a 200 day moving average of $56.19. 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 cap of $95.00 billion, a P/E ratio of 192.02 and a beta of 1.64.

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

Brookfield Announces Dividend

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

About Brookfield

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.