59,938 Shares in Brookfield Co. (NYSE:BN) Acquired by First Trust Advisors LP

First Trust Advisors LP purchased a new stake in Brookfield Co. (NYSE:BN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 59,938 shares of the company's stock, valued at approximately $3,445,000.

A number of other hedge funds have also bought and sold shares of the business. Barclays PLC lifted its position in shares of Brookfield by 521.1% during the 3rd quarter. Barclays PLC now owns 71,402 shares of the company's stock valued at $3,794,000 after acquiring an additional 59,906 shares during the period. Virtu Financial LLC acquired a new position in Brookfield in the third quarter valued at about $211,000. Wilmington Savings Fund Society FSB bought a new stake in Brookfield during the third quarter worth about $784,000. GAMMA Investing LLC increased its holdings in Brookfield by 85.5% in the 4th quarter. GAMMA Investing LLC now owns 1,957 shares of the company's stock valued at $112,000 after buying an additional 902 shares during the period. Finally, Canandaigua National Trust Co of Florida acquired a new position in shares of Brookfield in the 4th quarter valued at approximately $368,000. 61.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on BN. Morgan Stanley lowered their price objective 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. TD Securities reduced their price target on shares of Brookfield from $77.00 to $74.00 and set a "buy" rating on the stock in a research note on Monday. Scotiabank lowered their price objective on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a research report on Monday, April 7th. CIBC raised their target price on shares of Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.75.

Brookfield Trading Up 2.2 %

Shares of Brookfield stock traded up $1.18 during trading on Wednesday, hitting $55.71. The company's stock had a trading volume of 3,126,748 shares, compared to its average volume of 2,761,721. The stock has a market cap of $91.78 billion, a price-to-earnings ratio of 185.71 and a beta of 1.64. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. Brookfield Co. has a 52 week low of $39.97 and a 52 week high of $62.78. The stock has a 50-day moving average price of $51.67 and a two-hundred day moving average price of $55.83.

Brookfield (NYSE:BN - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. Equities research analysts anticipate that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield's dividend payout ratio is currently 120.00%.

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.