Generali Asset Management SPA SGR Buys New Holdings in Brookfield Co. (NYSE:BN)

Generali Asset Management SPA SGR purchased a new position in shares of Brookfield Co. (NYSE:BN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 64,603 shares of the company’s stock, valued at approximately $3,711,000.

A number of other large investors also recently modified their holdings of BN. Compass Planning Associates Inc purchased a new position in Brookfield in the fourth quarter valued at approximately $30,000. FSA Wealth Management LLC acquired a new stake in shares of Brookfield in the third quarter worth $42,000. Prestige Wealth Management Group LLC raised its stake in shares of Brookfield by 137.0% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after acquiring an additional 500 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Brookfield during the 4th quarter valued at $48,000. Finally, Continuum Advisory LLC acquired a new stake in Brookfield in the 3rd quarter valued at $55,000. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BN shares. TD Securities upped their target price on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. CIBC increased their price objective on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research report on Thursday, January 23rd. Scotiabank boosted their target price 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 began coverage on shares of Brookfield in a research note on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 target price for the company. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $64.00.

Brookfield Stock Up 0.8 %

Shares of NYSE:BN opened at $52.19 on Wednesday. The firm has a market cap of $85.90 billion, a PE ratio of 173.96 and a beta of 1.65. The company has a fifty day simple moving average of $57.28 and a 200 day simple moving average of $55.91. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. Brookfield Co. has a 12-month low of $38.18 and a 12-month high of $62.78.

Brookfield (NYSE:BN) last released its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, topping 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%. On average, equities research analysts anticipate that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s 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.