Brookfield Co. (NYSE:BN) Shares Purchased by Obermeyer Wealth Partners

Obermeyer Wealth Partners grew its stake in Brookfield Co. (NYSE:BN - Free Report) by 8,053.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 426,362 shares of the company's stock after purchasing an additional 421,133 shares during the quarter. Brookfield makes up 1.3% of Obermeyer Wealth Partners' holdings, making the stock its 29th biggest position. Obermeyer Wealth Partners' holdings in Brookfield were worth $24,494,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. CoreCap Advisors LLC purchased a new position in shares of Brookfield in the fourth quarter worth about $29,000. Compass Planning Associates Inc purchased a new position in shares of Brookfield in the fourth quarter worth about $30,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Brookfield in the fourth quarter worth about $48,000. Transce3nd LLC purchased a new position in shares of Brookfield in the fourth quarter worth about $51,000. Finally, Promus Capital LLC purchased a new position in shares of Brookfield in the fourth quarter worth about $55,000. Institutional investors and hedge funds own 61.60% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BN shares. TD Securities decreased their price target on shares of Brookfield from $77.00 to $74.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. JPMorgan Chase & Co. decreased their price target on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. CIBC decreased their price target on shares of Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a research note on Friday, May 9th. Scotiabank reduced their target price 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. Finally, Morgan Stanley reduced their target price 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. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Brookfield currently has an average rating of "Moderate Buy" and an average price target of $63.00.

Brookfield Trading Up 0.1%

Shares of BN traded up $0.07 during trading on Friday, reaching $59.79. 1,645,573 shares of the company traded hands, compared to its average volume of 2,733,679. Brookfield Co. has a twelve month low of $39.97 and a twelve month high of $62.78. The stock has a market cap of $98.49 billion, a PE ratio of 199.29 and a beta of 1.64. The stock has a 50-day simple moving average of $52.46 and a 200-day simple moving average of $56.06. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.08. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. The business had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.36 billion. On average, analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Friday, June 13th. Brookfield's dividend payout ratio is presently 128.57%.

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.