Transce3nd LLC Invests $51,000 in Brookfield Co. (NYSE:BN)

Transce3nd LLC purchased a new stake in shares of Brookfield Co. (NYSE:BN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 895 shares of the company’s stock, valued at approximately $51,000.

Several other institutional investors have also added to or reduced their stakes in BN. Vanguard Group Inc. raised its holdings in shares of Brookfield by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 59,904,458 shares of the company’s stock valued at $3,443,129,000 after acquiring an additional 974,533 shares in the last quarter. Capital World Investors raised its holdings in Brookfield by 3.1% in the 4th quarter. Capital World Investors now owns 59,020,303 shares of the company’s stock worth $3,390,786,000 after purchasing an additional 1,782,034 shares in the last quarter. FIL Ltd lifted its position 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 purchasing an additional 1,640,903 shares during the period. Norges Bank bought a new stake in shares of Brookfield during the 4th quarter valued at about $973,591,000. Finally, CIBC Asset Management Inc increased 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 buying an additional 823,428 shares during the period. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Price Performance

BN opened at $50.01 on Wednesday. The firm has a market cap of $82.35 billion, a PE ratio of 166.71 and a beta of 1.60. The stock has a 50-day moving average price of $52.79 and a 200-day moving average price of $55.84. Brookfield Co. has a 1 year low of $39.27 and a 1 year high of $62.78. 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 issued its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) 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%. Sell-side analysts predict that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid 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 0.72%. Brookfield’s dividend payout ratio is 120.00%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on BN shares. Scotiabank cut their price objective on Brookfield from $71.00 to $68.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 7th. JPMorgan Chase & Co. reduced their price target on Brookfield from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. CIBC raised their price objective on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research report on Thursday, January 23rd. Morgan Stanley reduced their target price on shares of Brookfield from $83.00 to $61.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Finally, TD Securities lifted their price target on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Brookfield currently has an average rating of “Moderate Buy” and an average target price of $62.88.

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.