Brookfield Co. (NYSE:BN) Shares Purchased by Mar Vista Investment Partners LLC

Mar Vista Investment Partners LLC boosted its position in shares of Brookfield Co. (NYSE:BN - Free Report) by 69.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 123,520 shares of the company's stock after acquiring an additional 50,656 shares during the period. Mar Vista Investment Partners LLC's holdings in Brookfield were worth $7,096,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Haverford Trust Co grew its position in Brookfield by 4.7% during the 4th quarter. Haverford Trust Co now owns 4,308 shares of the company's stock worth $247,000 after purchasing an additional 192 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of Brookfield by 1.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 16,616 shares of the company's stock valued at $955,000 after buying an additional 197 shares during the last quarter. Pittenger & Anderson Inc. increased its position in shares of Brookfield by 14.9% in the 4th quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company's stock valued at $90,000 after acquiring an additional 203 shares during the period. Pinnacle Bancorp Inc. raised its stake in Brookfield by 29.5% in the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock worth $56,000 after acquiring an additional 221 shares during the last quarter. Finally, Citizens Financial Group Inc. RI lifted its position in Brookfield by 5.8% during the 4th quarter. Citizens Financial Group Inc. RI now owns 4,350 shares of the company's stock worth $250,000 after acquiring an additional 240 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BN. TD Securities raised their price objective on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. CIBC lifted their price objective on shares of Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research note on Thursday, January 23rd. Morgan Stanley cut their price objective on shares of Brookfield from $83.00 to $61.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. decreased 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. Finally, Scotiabank cut their price target 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. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $62.88.

Brookfield Price Performance

Shares of BN stock traded down $0.20 during mid-day trading on Monday, hitting $53.05. 718,790 shares of the stock were exchanged, compared to its average volume of 2,805,027. Brookfield Co. has a 52-week low of $39.78 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 company has a market cap of $87.39 billion, a PE ratio of 176.81 and a beta of 1.60. The firm has a fifty day moving average of $52.27 and a 200 day moving average of $55.86.

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

Brookfield Dividend Announcement

The company also recently declared 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 0.68%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield's dividend payout ratio is presently 120.00%.

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.