Metis Global Partners LLC Buys 1,443 Shares of Brookfield Co. (NYSE:BN)

Metis Global Partners LLC raised its stake in shares of Brookfield Co. (NYSE:BN) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,279 shares of the company’s stock after acquiring an additional 1,443 shares during the quarter. Metis Global Partners LLC’s holdings in Brookfield were worth $2,947,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. CIBC Asset Management Inc raised its holdings in shares of Brookfield by 6.2% in 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 last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Brookfield by 31.6% in the third quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock valued at $623,783,000 after buying an additional 2,818,716 shares during the last quarter. EdgePoint Investment Group Inc. raised its holdings in shares of Brookfield by 1.7% in the third quarter. EdgePoint Investment Group Inc. now owns 11,512,817 shares of the company’s stock valued at $611,383,000 after buying an additional 196,790 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of Brookfield by 23.4% in the third quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock valued at $364,152,000 after buying an additional 1,301,072 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Brookfield by 10.9% in the third quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company’s stock valued at $320,670,000 after buying an additional 591,757 shares during the last quarter. 61.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BN has been the subject of a number of research analyst reports. CIBC lifted their price target on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd. Scotiabank lifted their price objective on Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 3rd. TD Securities lifted their price objective on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 price objective (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Finally, Morgan Stanley began coverage on Brookfield in a research report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price objective for the company. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Brookfield currently has an average rating of “Moderate Buy” and an average price target of $64.00.

Brookfield Price Performance

Brookfield stock opened at $57.88 on Friday. The firm has a market capitalization of $95.28 billion, a P/E ratio of 192.94 and a beta of 1.57. Brookfield Co. has a 1 year low of $38.18 and a 1 year high of $62.78. The business has a 50-day moving average of $58.60 and a 200-day moving average of $55.53. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40.

Brookfield (NYSE:BN) last posted 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 return on equity of 3.93% and a net margin of 0.75%. On average, equities analysts anticipate that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.62%. Brookfield’s payout ratio is currently 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.