Plato Investment Management Ltd Has $1.24 Million Stake in Brookfield Co. (NYSE:BN)

Plato Investment Management Ltd boosted its holdings in shares of Brookfield Co. (NYSE:BN) by 162.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,469 shares of the company’s stock after buying an additional 13,280 shares during the quarter. Plato Investment Management Ltd’s holdings in Brookfield were worth $1,238,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Pittenger & Anderson Inc. increased its position in Brookfield by 14.9% during the fourth quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company’s stock worth $90,000 after buying an additional 203 shares during the last quarter. Pinnacle Bancorp Inc. grew its position in shares of Brookfield by 29.5% in the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock valued at $56,000 after purchasing an additional 221 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Brookfield by 10.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company’s stock valued at $148,000 after purchasing an additional 245 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Brookfield by 2.7% in the fourth quarter. Fisher Asset Management LLC now owns 9,873 shares of the company’s stock valued at $567,000 after purchasing an additional 255 shares during the last quarter. Finally, Joel Isaacson & Co. LLC grew its position in shares of Brookfield by 5.3% in the fourth quarter. Joel Isaacson & Co. LLC now owns 5,625 shares of the company’s stock valued at $323,000 after purchasing an additional 283 shares during the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Brookfield Stock Down 2.5 %

BN stock opened at $56.51 on Tuesday. The company has a market cap of $93.02 billion, a PE ratio of 188.37 and a beta of 1.57. 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 twelve month low of $38.18 and a twelve month high of $62.78. The business’s 50-day simple moving average is $58.59 and its 200 day simple moving average is $55.67.

Brookfield (NYSE:BN) last announced its quarterly 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, research analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 yield of 0.64%. The ex-dividend date is Friday, March 14th. Brookfield’s dividend 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.