Aigen Investment Management LP Invests $1.23 Million in Brookfield Co. (NYSE:BN)

Aigen Investment Management LP acquired a new position in shares of Brookfield Co. (NYSE:BN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 21,405 shares of the company’s stock, valued at approximately $1,230,000.

Several other hedge funds also recently modified their holdings of the company. Compass Planning Associates Inc acquired a new stake in shares of Brookfield in the fourth quarter valued at approximately $30,000. First Personal Financial Services acquired a new stake in Brookfield during the 3rd quarter worth $42,000. FSA Wealth Management LLC acquired a new stake in Brookfield during the 3rd quarter worth $42,000. Prestige Wealth Management Group LLC grew its holdings in Brookfield by 137.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after acquiring an additional 500 shares during the period. Finally, Continuum Advisory LLC acquired a new stake in Brookfield during the 3rd quarter worth $55,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Brookfield Trading Up 3.0 %

Shares of NYSE BN opened at $55.19 on Thursday. The stock has a market cap of $90.84 billion, a price-to-earnings ratio of 183.96 and a beta of 1.57. Brookfield Co. has a twelve month low of $38.18 and a twelve month high of $62.78. The company’s fifty day moving average is $58.46 and its 200-day moving average is $55.71. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40.

Brookfield (NYSE:BN) last posted 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 net margin of 0.75% and a return on equity of 3.93%. Equities research analysts predict that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.09 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.65%. Brookfield’s dividend payout ratio is currently 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.