Rinkey Investments Purchases 8,855 Shares of Brookfield Co. (NYSE:BN)

Rinkey Investments grew its stake in Brookfield Co. (NYSE:BN - Free Report) by 70.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,405 shares of the company's stock after purchasing an additional 8,855 shares during the quarter. Rinkey Investments' holdings in Brookfield were worth $1,230,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Barclays PLC grew its position in shares of Brookfield by 521.1% during the 3rd quarter. Barclays PLC now owns 71,402 shares of the company's stock valued at $3,794,000 after acquiring an additional 59,906 shares during the period. Virtu Financial LLC purchased a new stake in Brookfield in the 3rd quarter worth about $211,000. Wilmington Savings Fund Society FSB bought a new stake in Brookfield in the 3rd quarter valued at about $784,000. Blankinship & Foster LLC purchased a new stake in Brookfield during the third quarter valued at about $32,389,000. Finally, GAMMA Investing LLC boosted its position in Brookfield by 85.5% during the fourth quarter. GAMMA Investing LLC now owns 1,957 shares of the company's stock worth $112,000 after purchasing an additional 902 shares during the period. 61.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on BN. JPMorgan Chase & Co. cut their price objective on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Scotiabank dropped their price objective on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a report on Monday, April 7th. CIBC lifted their target price on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a report on Thursday, January 23rd. Morgan Stanley lowered their price target on shares of Brookfield from $83.00 to $61.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, TD Securities boosted their price objective on shares of Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Brookfield has an average rating of "Moderate Buy" and a consensus target price of $62.88.

Brookfield Price Performance

Shares of BN stock traded up $0.07 during trading on Wednesday, hitting $53.72. The company had a trading volume of 2,528,040 shares, compared to its average volume of 3,060,531. Brookfield Co. has a 52 week low of $39.78 and a 52 week high of $62.78. The stock has a market capitalization of $88.50 billion, a price-to-earnings ratio of 179.07 and a beta of 1.60. 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 stock's 50-day moving average is $52.00 and its two-hundred day moving average is $55.84.

Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings data 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%. As a group, analysts predict that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Friday, March 14th. Brookfield's payout ratio is currently 120.00%.

Brookfield 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.