Brookfield Co. (NYSE:BN) Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC increased its holdings in shares of Brookfield Co. (NYSE:BN) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,328,164 shares of the company’s stock after buying an additional 25,911 shares during the quarter. Corient Private Wealth LLC owned 0.20% of Brookfield worth $191,203,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. increased its stake in shares of Brookfield by 4.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 9,450 shares of the company’s stock worth $543,000 after purchasing an additional 415 shares during the period. Intact Investment Management Inc. boosted its holdings in shares of Brookfield by 4.1% in the 4th quarter. Intact Investment Management Inc. now owns 668,600 shares of the company’s stock worth $38,424,000 after acquiring an additional 26,050 shares in the last quarter. Aviso Financial Inc. lifted its holdings in Brookfield by 2.4% during the 4th quarter. Aviso Financial Inc. now owns 1,506,285 shares of the company’s stock worth $86,555,000 after buying an additional 34,857 shares in the last quarter. Madison Investment Advisors LLC acquired a new position in shares of Brookfield in the 4th quarter valued at $69,700,000. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Brookfield by 0.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 266,842 shares of the company’s stock valued at $15,330,000 after purchasing an additional 1,123 shares during the period. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on BN shares. Morgan Stanley started coverage on Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price for the company. TD Securities increased their price objective on shares of Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Scotiabank raised their target price on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research note on Monday, February 3rd. Finally, CIBC raised their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $64.00.

Brookfield Stock Up 3.7 %

BN opened at $50.42 on Friday. The company has a 50 day moving average of $57.49 and a 200 day moving average of $55.84. 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 Co. has a 12 month low of $38.18 and a 12 month high of $62.78. The company has a market cap of $82.99 billion, a PE ratio of 168.06 and a beta of 1.65.

Brookfield (NYSE:BN) last issued its earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, topping 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%. On average, sell-side analysts expect that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

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 paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s payout ratio is 120.00%.

Brookfield Company 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.