Royal London Asset Management Ltd. Purchases 4,731 Shares of Brookfield Co. (NYSE:BN)

Royal London Asset Management Ltd. raised its position in shares of Brookfield Co. (NYSE:BN) by 0.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 715,782 shares of the company’s stock after purchasing an additional 4,731 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Brookfield were worth $41,122,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Brookfield by 131.9% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company’s stock valued at $24,594,000 after purchasing an additional 263,375 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Brookfield by 5.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company’s stock valued at $9,764,000 after acquiring an additional 9,915 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Brookfield by 10.9% during the 3rd quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company’s stock valued at $320,670,000 after acquiring an additional 591,757 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Brookfield by 10.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company’s stock valued at $189,507,000 after acquiring an additional 351,231 shares during the last quarter. Finally, Partners Group Holding AG boosted its holdings in shares of Brookfield by 53.5% during the 3rd quarter. Partners Group Holding AG now owns 409,303 shares of the company’s stock valued at $21,754,000 after acquiring an additional 142,603 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BN has been the topic of a number of recent analyst reports. CIBC raised their price target on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd. Morgan Stanley initiated coverage on shares of Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price target on the stock. Scotiabank raised their price target on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a report on Monday, February 3rd. Finally, TD Securities raised their price objective on shares of Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Brookfield has an average rating of “Moderate Buy” and a consensus price target of $64.00.

Brookfield Trading Down 0.7 %

Brookfield stock opened at $53.66 on Friday. The stock has a market cap of $88.32 billion, a P/E ratio of 178.86 and a beta of 1.65. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. Brookfield Co. has a 1 year low of $38.18 and a 1 year high of $62.78. The firm’s 50 day moving average price is $57.10 and its 200-day moving average price is $55.88.

Brookfield (NYSE:BN) last announced its quarterly 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 analysts predict that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The firm also recently declared 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. This represents a $0.36 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s dividend payout ratio 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.