Stamos Capital Partners L.P. Purchases 12,180 Shares of Brookfield Co. (NYSE:BN)

Stamos Capital Partners L.P. grew its holdings in Brookfield Co. (NYSE:BN - Free Report) by 52.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,270 shares of the company's stock after buying an additional 12,180 shares during the quarter. Stamos Capital Partners L.P.'s holdings in Brookfield were worth $2,026,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BN. Vanguard Group Inc. boosted its holdings in Brookfield by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 59,904,458 shares of the company's stock valued at $3,443,129,000 after acquiring an additional 974,533 shares during the last quarter. FIL Ltd raised its stake in shares of Brookfield by 8.8% during the fourth quarter. FIL Ltd now owns 20,354,516 shares of the company's stock worth $1,169,912,000 after buying an additional 1,640,903 shares during the last quarter. Norges Bank bought a new position in Brookfield in the fourth quarter valued at approximately $973,591,000. CIBC Asset Management Inc lifted its stake in shares of Brookfield by 6.2% in the 4th quarter. CIBC Asset Management Inc now owns 14,178,133 shares of the company's stock valued at $814,585,000 after purchasing an additional 823,428 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Brookfield by 32.0% in the 4th quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company's stock worth $460,489,000 after purchasing an additional 1,930,218 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on BN. JPMorgan Chase & Co. decreased their price objective on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday. Scotiabank dropped their price target on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 7th. CIBC increased their price objective on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a report on Thursday, January 23rd. TD Securities raised their price target on shares of Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Finally, Morgan Stanley cut their price objective on shares of Brookfield from $83.00 to $61.00 and set an "overweight" rating on the stock in a research report on Monday. 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.88.

Brookfield Stock Performance

Shares of NYSE:BN traded up $0.87 on Friday, hitting $49.70. The company had a trading volume of 2,314,979 shares, compared to its average volume of 2,802,626. The stock has a 50 day moving average price of $53.38 and a 200 day moving average price of $55.90. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. The stock has a market cap of $81.84 billion, a price-to-earnings ratio of 165.67 and a beta of 1.60. Brookfield Co. has a 1-year low of $38.32 and a 1-year high of $62.78.

Brookfield (NYSE:BN - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. Analysts expect that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield's dividend 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.