Rockefeller Capital Management L.P. Buys 11,298 Shares of Brookfield Co. (NYSE:BN)

Rockefeller Capital Management L.P. raised its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,926 shares of the company's stock after acquiring an additional 11,298 shares during the period. Rockefeller Capital Management L.P.'s holdings in Brookfield were worth $11,025,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. MML Investors Services LLC lifted its holdings in Brookfield by 11.2% during the third quarter. MML Investors Services LLC now owns 13,372 shares of the company's stock worth $711,000 after acquiring an additional 1,347 shares during the period. Barclays PLC boosted its holdings in shares of Brookfield by 521.1% in the 3rd quarter. Barclays PLC now owns 71,402 shares of the company's stock worth $3,794,000 after buying an additional 59,906 shares during the last quarter. Virtu Financial LLC bought a new position in Brookfield during the third quarter valued at about $211,000. Wilmington Savings Fund Society FSB bought a new stake in Brookfield in the third quarter worth about $784,000. Finally, Blankinship & Foster LLC bought a new stake in Brookfield in the third quarter worth about $32,389,000. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Price Performance

BN stock traded down $1.46 during midday trading on Monday, reaching $48.24. The company had a trading volume of 468,897 shares, compared to its average volume of 2,796,676. Brookfield Co. has a 1 year low of $38.89 and a 1 year high of $62.78. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The company has a market capitalization of $79.43 billion, a P/E ratio of 160.74 and a beta of 1.60. The firm has a 50-day moving average price of $53.20 and a 200-day moving average price of $55.92.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. On average, research analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield's dividend payout ratio is currently 120.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Scotiabank lowered their price target on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a report on Monday, April 7th. TD Securities upped their price objective on shares of Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. CIBC boosted their price target on shares of Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research report on Thursday, January 23rd. Morgan Stanley reduced their price objective 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, JPMorgan Chase & Co. reduced their price target on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $62.88.

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.