Brookfield Co. (NYSE:BN) Shares Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp boosted its position in shares of Brookfield Co. (NYSE:BN) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,334,991 shares of the company’s stock after purchasing an additional 129,035 shares during the quarter. Brookfield accounts for about 1.7% of Alberta Investment Management Corp’s investment portfolio, making the stock its 4th biggest holding. Alberta Investment Management Corp owned about 0.26% of Brookfield worth $249,031,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BN. CIBC Asset Management Inc boosted its holdings in Brookfield by 6.2% during the fourth quarter. CIBC Asset Management Inc now owns 14,178,133 shares of the company’s stock worth $814,585,000 after purchasing an additional 823,428 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Brookfield by 31.6% during the third quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock worth $623,783,000 after purchasing an additional 2,818,716 shares during the last quarter. EdgePoint Investment Group Inc. boosted its holdings in Brookfield by 1.7% during the third quarter. EdgePoint Investment Group Inc. now owns 11,512,817 shares of the company’s stock worth $611,383,000 after purchasing an additional 196,790 shares during the last quarter. Toronto Dominion Bank boosted its holdings in Brookfield by 23.4% during the third quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock worth $364,152,000 after purchasing an additional 1,301,072 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Brookfield by 10.9% during the third quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company’s stock worth $320,670,000 after purchasing an additional 591,757 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Performance

NYSE BN opened at $61.29 on Wednesday. Brookfield Co. has a 52-week low of $38.18 and a 52-week high of $62.78. The stock has a market cap of $100.90 billion, a PE ratio of 204.31 and a beta of 1.57. The firm has a 50-day moving average of $58.52 and a 200-day moving average of $54.82. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21.

Brookfield (NYSE:BN) last released its earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, beating the consensus estimate 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 anticipate that Brookfield Co. will post 3.9 EPS for the current year.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s dividend payout ratio is currently 106.67%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BN. BMO Capital Markets restated an “outperform” rating and set a $62.00 target price (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. Morgan Stanley began coverage on shares of Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price for the company. CIBC increased their price target on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday, January 23rd. TD Securities increased their price target on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Scotiabank increased their price target 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. 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $64.00.

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.