M&G Investment Management Ltd. Buys 345,923 Shares of Brookfield Co. (NYSE:BN)

M&G Investment Management Ltd. raised its position in shares of Brookfield Co. (NYSE:BN - Free Report) by 13.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,924,753 shares of the company's stock after purchasing an additional 345,923 shares during the period. M&G Investment Management Ltd. owned 0.18% of Brookfield worth $116,990,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BN. Eldred Rock Partners LLC bought a new position in shares of Brookfield in the 4th quarter valued at approximately $9,868,000. Choreo LLC bought a new position in Brookfield in the 4th quarter worth approximately $754,000. JPMorgan Chase & Co. increased its position in Brookfield by 4.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,841,070 shares of the company's stock worth $182,650,000 after buying an additional 273,474 shares during the period. Northside Capital Management LLC acquired a new stake in shares of Brookfield during the 4th quarter worth approximately $229,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of Brookfield during the 3rd quarter worth approximately $23,667,000. 61.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Brookfield

In other Brookfield news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the company's stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $11.33, for a total value of $11,330,000.00. Following the sale, the director now 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 available through this link. In other news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $21.75, for a total transaction of $155,099.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $11.33, for a total value of $11,330,000.00. Following the transaction, the director now owns 15,492,168 shares in the company, valued at approximately $175,526,263.44. The disclosure for this sale can be found here. Insiders own 11.00% of the company's stock.

Brookfield Trading Up 0.4 %

NYSE:BN traded up $0.20 on Wednesday, reaching $44.85. The company's stock had a trading volume of 2,099,885 shares, compared to its average volume of 2,851,157. Brookfield Co. has a 1-year low of $28.84 and a 1-year high of $45.11. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.02 and a current ratio of 1.17. The firm has a market cap of $73.64 billion, a PE ratio of 73.52 and a beta of 1.48. The business's 50-day moving average price is $41.34 and its two-hundred day moving average price is $39.05.

Brookfield (NYSE:BN - Get Free Report) last posted its earnings results on Thursday, May 9th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.13. The firm had revenue of $22.91 billion during the quarter. Brookfield had a return on equity of 3.15% and a net margin of 1.16%. During the same period in the previous year, the firm posted $0.72 earnings per share. Equities research analysts anticipate that Brookfield Co. will post 3.35 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 13th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.32 annualized dividend and a yield of 0.71%. Brookfield's dividend payout ratio (DPR) is presently 52.46%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Canaccord Genuity Group lifted their price objective on Brookfield from $41.00 to $42.50 and gave the stock a "hold" rating in a report on Friday, February 9th. TheStreet raised Brookfield from a "c" rating to a "b" rating in a research note on Thursday, February 8th. CIBC boosted their price target on Brookfield from $46.00 to $52.00 and gave the company an "outperform" rating in a research note on Friday, February 9th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $46.00 price target (up previously from $45.00) on shares of Brookfield in a research note on Friday, May 10th. Finally, Scotiabank reduced their price objective on Brookfield from $50.00 to $49.50 and set a "sector outperform" rating on the stock in a research note on Friday, May 10th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $48.10.

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.