Susquehanna Fundamental Investments LLC Acquires New Position in Brookfield Co. (NYSE:BN)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Brookfield Co. (NYSE:BN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 69,300 shares of the company's stock, valued at approximately $3,981,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Compass Planning Associates Inc purchased a new stake in Brookfield in the 4th quarter valued at $30,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Brookfield during the fourth quarter worth about $48,000. Transce3nd LLC purchased a new position in shares of Brookfield during the fourth quarter worth about $51,000. Promus Capital LLC acquired a new position in Brookfield in the 4th quarter valued at about $55,000. Finally, Pinnacle Bancorp Inc. raised its stake in Brookfield by 29.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock valued at $56,000 after acquiring an additional 221 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company's stock.

Brookfield Price Performance

Shares of NYSE:BN traded up $1.44 during midday trading on Friday, hitting $55.52. 1,592,284 shares of the stock were exchanged, compared to its average volume of 2,784,936. Brookfield Co. has a twelve month low of $39.97 and a twelve month high of $62.78. 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 company has a 50 day moving average price of $51.82 and a 200-day moving average price of $55.83. The stock has a market cap of $91.47 billion, a P/E ratio of 185.07 and a beta of 1.60.

Brookfield (NYSE:BN - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.13. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. On average, research analysts forecast 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 was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.65%. The ex-dividend date was Friday, March 14th. Brookfield's payout ratio is 120.00%.

Wall Street Analysts Forecast Growth

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

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.