482,873 Shares in Brookfield Co. (NYSE:BN) Acquired by Bridgewater Associates LP

Bridgewater Associates LP acquired a new stake in Brookfield Co. (NYSE:BN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 482,873 shares of the company’s stock, valued at approximately $27,740,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of BN. Vanguard Group Inc. raised its position in Brookfield by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 59,904,458 shares of the company’s stock valued at $3,443,129,000 after buying an additional 974,533 shares during the last quarter. FIL Ltd grew its stake in shares of Brookfield by 8.8% in the 4th quarter. FIL Ltd now owns 20,354,516 shares of the company’s stock worth $1,169,912,000 after acquiring an additional 1,640,903 shares in the last quarter. Norges Bank purchased a new stake in shares of Brookfield in the fourth quarter valued at about $973,591,000. CIBC Asset Management Inc lifted its position in shares of Brookfield by 6.2% during the fourth quarter. CIBC Asset Management Inc now owns 14,178,133 shares of the company’s stock valued at $814,585,000 after purchasing an additional 823,428 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Brookfield by 32.0% during the fourth quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company’s stock worth $460,489,000 after purchasing an additional 1,930,218 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BN. Morgan Stanley cut their target price on Brookfield from $83.00 to $61.00 and set an “overweight” rating on the stock in a research note on Monday. CIBC lifted their price target on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a report on Thursday, January 23rd. TD Securities raised their target price on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, Scotiabank reduced their price target on shares of Brookfield from $71.00 to $68.00 and set a “sector outperform” rating for the company in a research report on Monday, April 7th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.25.

Brookfield Stock Up 0.3 %

Shares of NYSE BN opened at $49.25 on Wednesday. The stock has a market capitalization of $81.11 billion, a P/E ratio of 164.19 and a beta of 1.60. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78. The firm’s 50 day simple moving average is $53.79 and its two-hundred day simple moving average is $55.97. 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 released its earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, beating 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%. As a group, analysts expect that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.73%. Brookfield’s payout ratio is 120.00%.

Brookfield 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.