D. E. Shaw & Co. Inc. grew its holdings in shares of Brookfield Co. (NYSE:BN - Free Report) by 426.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,700 shares of the company's stock after purchasing an additional 19,200 shares during the period. D. E. Shaw & Co. Inc.'s holdings in Brookfield were worth $1,361,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Haverford Trust Co raised its stake in Brookfield by 4.7% during the fourth quarter. Haverford Trust Co now owns 4,308 shares of the company's stock worth $247,000 after acquiring an additional 192 shares during the period. Orion Portfolio Solutions LLC raised its position in shares of Brookfield by 1.2% during the 4th quarter. Orion Portfolio Solutions LLC now owns 16,616 shares of the company's stock worth $955,000 after purchasing an additional 197 shares during the period. Pittenger & Anderson Inc. raised its position in shares of Brookfield by 14.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company's stock worth $90,000 after purchasing an additional 203 shares during the period. Citizens Financial Group Inc. RI boosted its position in Brookfield by 5.8% during the 4th quarter. Citizens Financial Group Inc. RI now owns 4,350 shares of the company's stock valued at $250,000 after purchasing an additional 240 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Brookfield by 10.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company's stock valued at $148,000 after purchasing an additional 245 shares during the period. 61.60% of the stock is currently owned by institutional investors.
Brookfield Trading Up 0.4%
Shares of NYSE:BN opened at $57.17 on Friday. The company has a 50 day moving average of $53.09 and a 200-day moving average of $56.17. 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 has a market cap of $94.18 billion, a P/E ratio of 190.57 and a beta of 1.64. Brookfield Co. has a twelve month low of $39.97 and a twelve month high of $62.78.
Brookfield (NYSE:BN - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.08. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. As a group, analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current fiscal 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 paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.36 annualized dividend and a yield of 0.63%. Brookfield's dividend payout ratio is currently 128.57%.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. TD Securities dropped their target price on Brookfield from $77.00 to $74.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. JPMorgan Chase & Co. dropped their price objective on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Scotiabank reduced their target price 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. Morgan Stanley decreased their target price on shares of Brookfield from $83.00 to $61.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Finally, CIBC cut their price target on Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a report on Friday, May 9th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $63.00.
Read Our Latest Stock Report on BN
Brookfield Company Profile
(
Free Report)
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.
Further Reading
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