Mirabella Financial Services LLP Takes $1.11 Million Position in Brookfield Co. (NYSE:BN)

Mirabella Financial Services LLP acquired a new position in Brookfield Co. (NYSE:BN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 19,374 shares of the company's stock, valued at approximately $1,108,000.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on BN shares. TD Securities increased their target price on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. CIBC increased their price objective on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their target price on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Morgan Stanley decreased their price target on shares of Brookfield from $83.00 to $61.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, Scotiabank dropped their price objective 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. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $62.88.

Brookfield Stock Up 0.8 %

BN stock traded up $0.41 during trading on Friday, hitting $53.33. 2,976,436 shares of the stock traded hands, compared to its average volume of 2,815,017. The stock has a market cap of $87.86 billion, a price-to-earnings ratio of 177.77 and a beta of 1.60. 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 1 year low of $39.78 and a 1 year high of $62.78. The firm's 50 day moving average is $52.27 and its two-hundred day moving average is $55.82.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings results 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%. On average, sell-side analysts anticipate that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Friday, March 14th. Brookfield's 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.