1,213,230 Shares in Brookfield Co. (NYSE:BN) Bought by Madison Investment Advisors LLC

Madison Investment Advisors LLC purchased a new position in shares of Brookfield Co. (NYSE:BN) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,213,230 shares of the company’s stock, valued at approximately $69,700,000.

Other hedge funds have also recently modified their holdings of the company. CIBC Asset Management Inc lifted its holdings in Brookfield by 6.2% in the fourth quarter. CIBC Asset Management Inc now owns 14,178,133 shares of the company’s stock valued at $814,585,000 after acquiring an additional 823,428 shares during the period. The Manufacturers Life Insurance Company increased its position in Brookfield by 31.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock worth $623,783,000 after purchasing an additional 2,818,716 shares in the last quarter. EdgePoint Investment Group Inc. increased its position in Brookfield by 1.7% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 11,512,817 shares of the company’s stock worth $611,383,000 after purchasing an additional 196,790 shares in the last quarter. Toronto Dominion Bank increased its position in Brookfield by 23.4% during the 3rd quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock worth $364,152,000 after purchasing an additional 1,301,072 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Brookfield by 11.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,507,113 shares of the company’s stock worth $373,527,000 after buying an additional 668,630 shares during the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Price Performance

Shares of NYSE:BN opened at $50.33 on Thursday. 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 firm has a market capitalization of $82.85 billion, a PE ratio of 167.77 and a beta of 1.65. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.78. The business’s 50 day moving average is $57.82 and its 200-day moving average is $55.84.

Brookfield (NYSE:BN) last released 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%. Sell-side analysts predict that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

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 issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.72%. Brookfield’s payout ratio is presently 120.00%.

Analyst Upgrades and Downgrades

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

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.