Wealthspire Advisors LLC Raises Stake in Brookfield Co. (NYSE:BN)

Wealthspire Advisors LLC boosted its holdings in Brookfield Co. (NYSE:BN) by 4.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,994 shares of the company’s stock after buying an additional 444 shares during the period. Wealthspire Advisors LLC’s holdings in Brookfield were worth $632,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Pittenger & Anderson Inc. grew its stake in shares of Brookfield by 14.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company’s stock valued at $90,000 after buying an additional 203 shares in the last quarter. Pinnacle Bancorp Inc. boosted its holdings in Brookfield by 29.5% in the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after acquiring an additional 221 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Brookfield by 10.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company’s stock valued at $148,000 after purchasing an additional 245 shares during the period. Joel Isaacson & Co. LLC lifted its position in shares of Brookfield by 5.3% during the fourth quarter. Joel Isaacson & Co. LLC now owns 5,625 shares of the company’s stock worth $323,000 after purchasing an additional 283 shares in the last quarter. Finally, First Trust Direct Indexing L.P. boosted its stake in shares of Brookfield by 2.9% in the third quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company’s stock valued at $551,000 after purchasing an additional 292 shares during the period. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BN. Morgan Stanley initiated coverage on Brookfield in a research report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price on the stock. CIBC raised their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a report on Thursday, January 23rd. BMO Capital Markets restated an “outperform” rating and issued a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Scotiabank lifted their price target on Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 3rd. Finally, TD Securities boosted their price objective on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $64.00.

Brookfield Price Performance

Shares of NYSE BN opened at $57.63 on Wednesday. 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 firm has a market capitalization of $94.86 billion, a PE ratio of 192.09 and a beta of 1.57. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.78. The business’s fifty day moving average price is $58.49 and its two-hundred day moving average price is $55.34.

Brookfield (NYSE:BN) last released its quarterly earnings data 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 net margin of 0.75% and a return on equity of 3.93%. On average, research analysts expect that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.62%. Brookfield’s dividend payout ratio (DPR) is presently 120.00%.

Brookfield Company 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.