Capital World Investors Buys 1,782,034 Shares of Brookfield Co. (NYSE:BN)

Capital World Investors raised its stake in Brookfield Co. (NYSE:BN) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,020,303 shares of the company’s stock after purchasing an additional 1,782,034 shares during the period. Capital World Investors owned 3.59% of Brookfield worth $3,390,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of BN. Forsta AP Fonden grew its holdings in shares of Brookfield by 4.9% during the fourth quarter. Forsta AP Fonden now owns 287,200 shares of the company’s stock valued at $16,499,000 after buying an additional 13,300 shares during the last quarter. Chemistry Wealth Management LLC grew its holdings in shares of Brookfield by 10.1% during the fourth quarter. Chemistry Wealth Management LLC now owns 252,597 shares of the company’s stock worth $14,512,000 after buying an additional 23,159 shares in the last quarter. Triangle Securities Wealth Management lifted its stake in Brookfield by 11.2% in the 4th quarter. Triangle Securities Wealth Management now owns 90,137 shares of the company’s stock worth $5,178,000 after purchasing an additional 9,048 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Brookfield by 19.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 68,583 shares of the company’s stock worth $3,940,000 after buying an additional 11,136 shares during the last quarter. Finally, Guerra Pan Advisors LLC acquired a new stake in Brookfield during the fourth quarter worth about $321,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Up 1.8 %

Shares of NYSE:BN opened at $49.70 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. Brookfield Co. has a fifty-two week low of $38.51 and a fifty-two week high of $62.78. The stock has a market cap of $81.84 billion, a price-to-earnings ratio of 165.67 and a beta of 1.60. The firm’s 50 day moving average price is $53.20 and its 200 day moving average price is $55.87.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates 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, equities research analysts predict that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield’s dividend payout ratio is currently 120.00%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BN. TD Securities raised their target price 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 cut their price objective on Brookfield from $83.00 to $61.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Scotiabank decreased their target price on shares of Brookfield from $71.00 to $68.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 7th. CIBC lifted their price target on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Brookfield from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Brookfield has a consensus rating of “Moderate Buy” and an average target price of $62.88.

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.