Brookfield Co. (NYSE:BN) Shares Bought by Waverly Advisors LLC

Waverly Advisors LLC grew its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 93.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,686 shares of the company's stock after purchasing an additional 8,543 shares during the quarter. Waverly Advisors LLC's holdings in Brookfield were worth $1,016,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. CoreCap Advisors LLC bought a new position in shares of Brookfield during the fourth quarter valued at approximately $29,000. Compass Planning Associates Inc purchased a new stake in shares of Brookfield in the fourth quarter worth $30,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Brookfield in the fourth quarter worth $48,000. Transce3nd LLC purchased a new stake in shares of Brookfield during the fourth quarter valued at $51,000. Finally, Promus Capital LLC purchased a new stake in shares of Brookfield during the fourth quarter valued at $55,000. Hedge funds and other institutional investors own 61.60% of the company's stock.

Brookfield Trading Down 0.3%

BN traded down $0.19 during trading hours on Thursday, reaching $57.50. 517,156 shares of the company's stock traded hands, compared to its average volume of 2,720,526. The firm has a 50-day moving average price of $53.42 and a 200 day moving average price of $56.19. Brookfield Co. has a 52-week low of $39.97 and a 52-week high of $62.78. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $94.73 billion, a PE ratio of 191.35 and a beta of 1.64.

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

Brookfield Announces Dividend

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. This represents a $0.36 annualized dividend and a yield of 0.63%. The ex-dividend date is Friday, June 13th. Brookfield's dividend payout ratio is currently 128.57%.

Analysts Set New Price Targets

Several research analysts have issued reports on BN shares. Scotiabank dropped their target price on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 7th. CIBC decreased their price objective on Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a research note on Friday, May 9th. Morgan Stanley reissued an "overweight" rating on shares of Brookfield in a research note on Monday, May 19th. JPMorgan Chase & Co. cut their price target on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, 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. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $63.00.

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.