Public Employees Retirement System of Ohio Has $7.57 Million Position in Brookfield Co. (NYSE:BN)

Public Employees Retirement System of Ohio raised its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,763 shares of the company's stock after acquiring an additional 9,790 shares during the period. Public Employees Retirement System of Ohio's holdings in Brookfield were worth $7,570,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BN. CoreCap Advisors LLC bought a new stake in Brookfield in the fourth quarter valued at approximately $29,000. Compass Planning Associates Inc bought a new position in shares of Brookfield during the fourth quarter valued at $30,000. Sunbelt Securities Inc. grew its stake in shares of Brookfield by 164.0% during the 4th quarter. Sunbelt Securities Inc. now owns 726 shares of the company's stock valued at $42,000 after purchasing an additional 451 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Brookfield in the 4th quarter worth approximately $48,000. Finally, Transce3nd LLC purchased a new stake in Brookfield in the 4th quarter worth approximately $51,000. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Stock Performance

Shares of NYSE BN traded up $0.09 during mid-day trading on Friday, hitting $57.80. The company had a trading volume of 1,661,498 shares, compared to its average volume of 2,723,724. The stock has a market cap of $95.23 billion, a price-to-earnings ratio of 192.67 and a beta of 1.64. Brookfield Co. has a 12 month low of $39.97 and a 12 month high of $62.78. 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's 50 day simple moving average is $53.51 and its two-hundred day simple moving average is $56.16.

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 the consensus estimate of $0.90 by $0.08. The company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.36 billion. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. As a group, equities research analysts forecast that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. TD Securities decreased their price target on Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a report on Monday, May 5th. CIBC reduced 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. Finally, Morgan Stanley reissued an "overweight" rating on shares of Brookfield in a research report on Monday, May 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Brookfield presently has an average rating of "Moderate Buy" and a consensus price target of $63.00.

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.