Duality Advisers LP Invests $1.44 Million in Brookfield Co. (NYSE:BN)

Duality Advisers LP purchased a new stake in Brookfield Co. (NYSE:BN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,953 shares of the company's stock, valued at approximately $1,442,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. lifted its position in shares of Brookfield by 8.9% during the third quarter. Principal Financial Group Inc. now owns 63,734,864 shares of the company's stock worth $1,993,867,000 after purchasing an additional 5,192,256 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Brookfield by 1.9% during the third quarter. Vanguard Group Inc. now owns 55,429,678 shares of the company's stock worth $1,733,286,000 after purchasing an additional 1,016,222 shares during the period. Bank of Nova Scotia lifted its position in shares of Brookfield by 1.2% in the 3rd quarter. Bank of Nova Scotia now owns 20,312,486 shares of the company's stock worth $635,326,000 after buying an additional 242,567 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Brookfield by 21.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 19,233,299 shares of the company's stock valued at $602,966,000 after buying an additional 3,331,522 shares during the period. Finally, DAVENPORT & Co LLC boosted its stake in Brookfield by 8.3% in the fourth quarter. DAVENPORT & Co LLC now owns 10,335,443 shares of the company's stock valued at $416,260,000 after acquiring an additional 795,309 shares during the period. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on BN. JPMorgan Chase & Co. increased their price objective on Brookfield from $48.00 to $52.00 and gave the stock an "overweight" rating in a report on Thursday, February 1st. Scotiabank upped their price objective on shares of Brookfield from $49.00 to $50.00 and gave the stock a "sector outperform" rating in a report on Friday, February 9th. Canaccord Genuity Group raised their target price on shares of Brookfield from $41.00 to $42.50 and gave the company a "hold" rating in a research note on Friday, February 9th. CIBC boosted their price target on shares of Brookfield from $46.00 to $52.00 and gave the stock an "outperform" rating in a research report on Friday, February 9th. Finally, TD Securities raised their price objective on shares of Brookfield from $61.00 to $62.00 and gave the company an "action list buy" rating in a research note on Sunday, February 11th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Brookfield has a consensus rating of "Moderate Buy" and an average price target of $47.45.

Brookfield Stock Up 0.4 %

Shares of NYSE:BN traded up $0.16 during midday trading on Wednesday, hitting $40.53. 2,167,553 shares of the stock were exchanged, compared to its average volume of 2,720,314. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.99 and a current ratio of 1.15. Brookfield Co. has a 52-week low of $28.84 and a 52-week high of $43.17. The business's fifty day simple moving average is $40.79 and its two-hundred day simple moving average is $37.87. The company has a market capitalization of $66.55 billion, a PE ratio of 65.37 and a beta of 1.49.

Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.14. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. The company had revenue of $24.52 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the prior year, the company earned $1.12 earnings per share. The business's quarterly revenue was up 1.3% compared to the same quarter last year. As a group, research analysts predict that Brookfield Co. will post 3.75 earnings per share for the current fiscal year.

Brookfield Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.79%. This is an increase from Brookfield's previous quarterly dividend of $0.07. The ex-dividend date was Tuesday, March 12th. Brookfield's payout ratio is presently 51.61%.

Insider Activity

In other Brookfield news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $11.33, for a total transaction of $11,330,000.00. Following the completion of the transaction, the director now directly owns 15,492,168 shares in the company, valued at $175,526,263.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 11.00% of the company's stock.

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.