Hsbc Holdings PLC Has $39.73 Million Stock Holdings in Brookfield Co. (NYSE:BN)

Hsbc Holdings PLC increased its holdings in shares of Brookfield Co. (NYSE:BN - Free Report) by 21.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 691,442 shares of the company's stock after buying an additional 123,347 shares during the quarter. Hsbc Holdings PLC's holdings in Brookfield were worth $39,732,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in BN. Forsta AP Fonden boosted its stake in shares of Brookfield by 4.9% during the 4th quarter. Forsta AP Fonden now owns 287,200 shares of the company's stock valued at $16,499,000 after buying an additional 13,300 shares during the last quarter. Chemistry Wealth Management LLC grew its position in Brookfield by 10.1% in the fourth quarter. Chemistry Wealth Management LLC now owns 252,597 shares of the company's stock worth $14,512,000 after buying an additional 23,159 shares during the last quarter. Triangle Securities Wealth Management boosted its stake in shares of Brookfield by 11.2% during the 4th quarter. Triangle Securities Wealth Management now owns 90,137 shares of the company's stock worth $5,178,000 after acquiring an additional 9,048 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Brookfield by 19.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 68,583 shares of the company's stock worth $3,940,000 after purchasing an additional 11,136 shares during the period. Finally, Guerra Pan Advisors LLC purchased a new stake in shares of Brookfield during the fourth quarter valued at $321,000. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Price Performance

Shares of NYSE BN traded up $0.25 during trading on Thursday, reaching $53.92. The company had a trading volume of 611,427 shares, compared to its average volume of 3,030,066. The business's 50 day moving average price is $51.90 and its 200-day moving average price is $55.83. Brookfield Co. has a 52 week low of $39.97 and a 52 week high of $62.78. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21. The stock has a market cap of $88.83 billion, a PE ratio of 179.73 and a beta of 1.60.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.13. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. Analysts expect that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield's payout ratio is presently 120.00%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Morgan Stanley lowered their price objective on shares of Brookfield from $83.00 to $61.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. TD Securities lifted their target price on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. cut their target price on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. CIBC boosted their price target on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research note on Thursday, January 23rd. Finally, Scotiabank decreased their price objective on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a report on Monday, April 7th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $62.88.

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.