4,031 Shares in Brookfield Co. (NYSE:BN) Purchased by Net Worth Advisory Group

Net Worth Advisory Group bought a new stake in shares of Brookfield Co. (NYSE:BN) during the 4th quarter, HoldingsChannel reports. The firm bought 4,031 shares of the company’s stock, valued at approximately $232,000.

A number of other large investors also recently made changes to their positions in the business. Baillie Gifford & Co. boosted its position in Brookfield by 809.5% during the fourth quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company’s stock valued at $211,159,000 after purchasing an additional 3,271,403 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Brookfield by 31.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock valued at $623,783,000 after buying an additional 2,818,716 shares during the last quarter. Regents of The University of California bought a new stake in shares of Brookfield in the 4th quarter valued at approximately $154,140,000. Raymond James Financial Inc. acquired a new position in Brookfield in the fourth quarter worth approximately $82,795,000. Finally, Toronto Dominion Bank increased its holdings in Brookfield by 23.4% in the third quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock worth $364,152,000 after buying an additional 1,301,072 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Performance

Shares of NYSE BN opened at $49.85 on Wednesday. Brookfield Co. has a 12 month low of $38.18 and a 12 month high of $62.78. The company has a market cap of $82.06 billion, a P/E ratio of 166.18 and a beta of 1.65. The business’s 50 day moving average is $57.96 and its two-hundred day moving average is $55.88. 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 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, equities analysts expect that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Friday, March 14th. Brookfield’s payout ratio is presently 120.00%.

Analysts Set New Price Targets

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

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.