Prudential PLC Has $675,000 Holdings in Brookfield Co. (NYSE:BN)

Prudential PLC boosted its stake in Brookfield Co. (NYSE:BN) by 29.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,756 shares of the company’s stock after purchasing an additional 2,660 shares during the period. Prudential PLC’s holdings in Brookfield were worth $675,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in BN. Quantinno Capital Management LP boosted its stake in shares of Brookfield by 49.1% during the third quarter. Quantinno Capital Management LP now owns 26,783 shares of the company’s stock valued at $1,424,000 after purchasing an additional 8,814 shares in the last quarter. Wellington Management Group LLP raised its holdings in Brookfield by 2.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,170,931 shares of the company’s stock valued at $62,240,000 after buying an additional 30,566 shares during the last quarter. Orion Portfolio Solutions LLC boosted its position in Brookfield by 12.4% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,419 shares of the company’s stock worth $873,000 after buying an additional 1,811 shares during the period. MML Investors Services LLC grew its holdings in Brookfield by 11.2% during the 3rd quarter. MML Investors Services LLC now owns 13,372 shares of the company’s stock worth $711,000 after acquiring an additional 1,347 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Brookfield in the 3rd quarter valued at approximately $6,485,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Scotiabank cut their price target on shares of Brookfield from $71.00 to $68.00 and set a “sector outperform” rating on the stock in a report on Monday. CIBC lifted their target price on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a report on Thursday, January 23rd. Morgan Stanley initiated coverage on Brookfield in a research report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective for the company. Finally, TD Securities upped their target price on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $63.63.

Brookfield Stock Down 1.0 %

Shares of Brookfield stock opened at $45.80 on Tuesday. The stock’s 50-day moving average is $55.74 and its 200 day moving average is $56.28. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78. The firm has a market cap of $75.42 billion, a price-to-earnings ratio of 152.67 and a beta of 1.60. 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 (NYSE:BN) last posted its quarterly 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 return on equity of 3.93% and a net margin of 0.75%. Equities research analysts anticipate that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield’s dividend payout ratio (DPR) is currently 120.00%.

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.