Brookfield Co. (NYSE:BN) Shares Bought by Haverford Trust Co

Haverford Trust Co grew its holdings in shares of Brookfield Co. (NYSE:BN) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,308 shares of the company’s stock after purchasing an additional 192 shares during the period. Haverford Trust Co’s holdings in Brookfield were worth $247,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Compass Planning Associates Inc acquired a new position in Brookfield during the 4th quarter valued at about $30,000. FSA Wealth Management LLC bought a new position in shares of Brookfield in the third quarter valued at approximately $42,000. Prestige Wealth Management Group LLC increased its stake in shares of Brookfield by 137.0% during the third 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 bought a new stake in Brookfield during the fourth quarter worth approximately $48,000. Finally, Continuum Advisory LLC acquired a new stake in Brookfield in the third quarter worth approximately $55,000. 61.60% of the stock is currently owned by institutional investors.

Brookfield Trading Up 0.0 %

Shares of BN opened at $55.37 on Wednesday. The business’s 50-day moving average price is $57.08 and its 200 day moving average price is $56.15. 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 stock has a market capitalization of $91.18 billion, a P/E ratio of 184.57 and a beta of 1.65. Brookfield Co. has a 1-year low of $38.18 and a 1-year 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%. Analysts expect that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.65%. Brookfield’s payout ratio is currently 120.00%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BN shares. TD Securities boosted their price objective on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Morgan Stanley began coverage on shares of Brookfield in a research report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price target on the stock. CIBC upped 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. Finally, Scotiabank lifted their price objective on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

About Brookfield

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.