Vise Technologies Inc. Purchases 7,159 Shares of Brookfield Co. (NYSE:BN)

Vise Technologies Inc. increased its position in Brookfield Co. (NYSE:BN - Free Report) by 83.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,717 shares of the company's stock after purchasing an additional 7,159 shares during the period. Vise Technologies Inc.'s holdings in Brookfield were worth $903,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cornerstone Advisory LLC bought a new position in Brookfield during the 4th quarter valued at $903,000. Adalta Capital Management LLC lifted its stake in Brookfield by 0.6% during the 4th quarter. Adalta Capital Management LLC now owns 173,588 shares of the company's stock valued at $9,973,000 after acquiring an additional 1,000 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Brookfield by 36.6% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 632,467 shares of the company's stock valued at $36,305,000 after acquiring an additional 169,342 shares in the last quarter. Focus Partners Advisor Solutions LLC increased its position in shares of Brookfield by 13.7% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 8,354 shares of the company's stock valued at $480,000 after purchasing an additional 1,006 shares during the last quarter. Finally, USS Investment Management Ltd increased its position in shares of Brookfield by 539.0% during the 4th quarter. USS Investment Management Ltd now owns 214,703 shares of the company's stock valued at $12,322,000 after purchasing an additional 181,103 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BN shares. JPMorgan Chase & Co. decreased their price objective on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. CIBC cut their target price on Brookfield from $74.00 to $72.00 and set an "outperformer" rating for the company in a research note on Friday, May 9th. Scotiabank cut their target price on 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 cut their target price on Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Finally, Morgan Stanley restated an "overweight" rating on shares of Brookfield in a research note on Monday, May 19th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Brookfield currently has an average rating of "Moderate Buy" and an average price target of $63.00.

Brookfield Price Performance

Shares of BN traded down $0.69 during trading hours on Friday, reaching $57.02. 565,672 shares of the company's stock traded hands, compared to its average volume of 2,720,017. The stock has a market cap of $93.94 billion, a PE ratio of 190.05 and a beta of 1.64. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. The firm's 50 day simple moving average is $53.46 and its 200-day simple moving average is $56.19. Brookfield Co. has a 12 month low of $39.97 and a 12 month high of $62.78.

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

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.09 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.36 dividend on an annualized basis and a yield of 0.63%. 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.