GAMMA Investing LLC Boosts Stake in Brookfield Co. (NYSE:BN)

GAMMA Investing LLC increased its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 6,011.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,600 shares of the company's stock after purchasing an additional 117,643 shares during the quarter. GAMMA Investing LLC's holdings in Brookfield were worth $6,268,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of Brookfield by 521.1% in the third quarter. Barclays PLC now owns 71,402 shares of the company's stock valued at $3,794,000 after buying an additional 59,906 shares during the period. Stratos Wealth Partners LTD. grew its stake in shares of Brookfield by 50.0% in the fourth quarter. Stratos Wealth Partners LTD. now owns 14,972 shares of the company's stock worth $860,000 after purchasing an additional 4,988 shares during the last quarter. Apollon Wealth Management LLC increased its holdings in Brookfield by 2.2% in the fourth quarter. Apollon Wealth Management LLC now owns 15,598 shares of the company's stock valued at $896,000 after purchasing an additional 338 shares during the period. WCM Investment Management LLC raised its position in Brookfield by 93.7% during the 4th quarter. WCM Investment Management LLC now owns 58,988 shares of the company's stock worth $3,383,000 after purchasing an additional 28,541 shares during the last quarter. Finally, Kestra Private Wealth Services LLC lifted its holdings in Brookfield by 0.7% during the 4th quarter. Kestra Private Wealth Services LLC now owns 86,876 shares of the company's stock worth $4,991,000 after buying an additional 594 shares during the period. Institutional investors and hedge funds own 61.60% of the company's stock.

Brookfield Stock Up 0.2%

Shares of NYSE BN traded up $0.13 during midday trading on Wednesday, hitting $59.21. 1,685,334 shares of the stock traded hands, compared to its average volume of 2,686,901. The company has a market cap of $97.55 billion, a PE ratio of 197.37 and a beta of 1.66. The business has a 50 day moving average price of $54.26 and a two-hundred day moving average price of $56.24. 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 Co. has a one year low of $39.97 and a one year high of $62.78.

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, 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 analyst estimates of $1.36 billion. On average, equities analysts predict that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The business also recently declared 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. This represents a $0.36 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Friday, June 13th. Brookfield's payout ratio is currently 128.57%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BN. Morgan Stanley reaffirmed an "overweight" rating on shares of Brookfield in a research note on Monday, May 19th. JPMorgan Chase & Co. cut their price target on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Wall Street Zen raised Brookfield from a "sell" rating to a "hold" rating in a research note on Sunday. CIBC lowered their target price on Brookfield from $74.00 to $72.00 and set an "outperformer" rating for the company in a report on Friday, May 9th. Finally, TD Securities cut their price target on Brookfield from $77.00 to $74.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $63.00.

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.