Quantinno Capital Management LP Purchases 17,976 Shares of Brookfield Co. (NYSE:BN)

Quantinno Capital Management LP grew its holdings in Brookfield Co. (NYSE:BN - Free Report) by 67.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 44,759 shares of the company's stock after purchasing an additional 17,976 shares during the quarter. Quantinno Capital Management LP's holdings in Brookfield were worth $2,572,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Barclays PLC grew its position in Brookfield by 521.1% during the 3rd quarter. Barclays PLC now owns 71,402 shares of the company's stock worth $3,794,000 after acquiring an additional 59,906 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Brookfield by 10.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company's stock worth $148,000 after purchasing an additional 245 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in Brookfield by 1.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 54,771 shares of the company's stock valued at $3,147,000 after purchasing an additional 712 shares during the last quarter. Atomi Financial Group Inc. increased its stake in shares of Brookfield by 15.5% in the 4th quarter. Atomi Financial Group Inc. now owns 13,999 shares of the company's stock valued at $804,000 after acquiring an additional 1,875 shares during the last quarter. Finally, Simon Quick Advisors LLC acquired a new stake in Brookfield in the fourth quarter worth $449,000. 61.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BN has been the subject of several research analyst reports. Morgan Stanley reiterated an "overweight" rating on shares of Brookfield in a research report on Monday, May 19th. CIBC decreased their target price on shares of Brookfield from $74.00 to $72.00 and set an "outperformer" rating for the company in a research note on Friday, May 9th. TD Securities cut 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. Scotiabank decreased their price target on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. dropped their target price on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Brookfield presently has a consensus rating of "Moderate Buy" and an average price target of $63.00.

Brookfield Price Performance

NYSE:BN traded down $0.06 during trading hours on Monday, hitting $57.12. The company's stock had a trading volume of 1,528,577 shares, compared to its average volume of 2,734,823. Brookfield Co. has a twelve month low of $39.97 and a twelve 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 stock has a fifty day simple moving average of $53.19 and a 200-day simple moving average of $56.17. The company has a market capitalization of $94.10 billion, a P/E ratio of 190.39 and a beta of 1.64.

Brookfield (NYSE:BN - Get Free Report) last announced 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 analyst estimates of $1.36 billion. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. On average, analysts anticipate that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Dividend Announcement

The firm 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 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 presently 128.57%.

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.