Integrated Wealth Concepts LLC Buys 2,637 Shares of Brookfield Co. (NYSE:BN)

Integrated Wealth Concepts LLC raised its stake in shares of Brookfield Co. (NYSE:BN) by 13.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 22,026 shares of the company’s stock after acquiring an additional 2,637 shares during the period. Integrated Wealth Concepts LLC’s holdings in Brookfield were worth $1,265,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Burling Wealth Partners LLC purchased a new stake in shares of Brookfield during the 4th quarter valued at $825,000. Mar Vista Investment Partners LLC increased its position in shares of Brookfield by 69.5% during the 4th quarter. Mar Vista Investment Partners LLC now owns 123,520 shares of the company’s stock valued at $7,096,000 after purchasing an additional 50,656 shares during the last quarter. MGO One Seven LLC increased its holdings in Brookfield by 9.4% in the 4th quarter. MGO One Seven LLC now owns 54,375 shares of the company’s stock worth $3,124,000 after acquiring an additional 4,694 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Brookfield by 21.7% in the 4th quarter. Hsbc Holdings PLC now owns 691,442 shares of the company’s stock worth $39,732,000 after acquiring an additional 123,347 shares during the last quarter. Finally, Fayez Sarofim & Co purchased a new stake in Brookfield in the 4th quarter worth about $1,164,000. 61.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Brookfield Stock Up 0.6 %

BN stock opened at $53.64 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $88.37 billion, a PE ratio of 178.81 and a beta of 1.60. Brookfield Co. has a twelve month low of $39.78 and a twelve month high of $62.78. The stock has a 50-day simple moving average of $52.00 and a two-hundred day simple moving average of $55.84.

Brookfield (NYSE:BN) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. On average, equities analysts predict that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.67%. The ex-dividend date 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.