Commonwealth Equity Services LLC Purchases 1,123 Shares of Brookfield Co. (NYSE:BN)

Commonwealth Equity Services LLC increased its holdings in shares of Brookfield Co. (NYSE:BN) by 0.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 266,842 shares of the company’s stock after purchasing an additional 1,123 shares during the period. Commonwealth Equity Services LLC’s holdings in Brookfield were worth $15,330,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of BN. Thrivent Financial for Lutherans acquired a new position in shares of Brookfield in the third quarter valued at $223,000. Jackson Hill Advisors LLC grew its stake in Brookfield by 8.9% in the 3rd quarter. Jackson Hill Advisors LLC now owns 501,000 shares of the company’s stock valued at $26,628,000 after buying an additional 41,000 shares during the last quarter. Pathstone Holdings LLC raised its holdings in Brookfield by 2.0% in the 3rd quarter. Pathstone Holdings LLC now owns 97,293 shares of the company’s stock valued at $5,171,000 after acquiring an additional 1,929 shares during the period. Caprock Group LLC lifted its position in Brookfield by 2.5% during the third quarter. Caprock Group LLC now owns 12,332 shares of the company’s stock worth $655,000 after acquiring an additional 300 shares during the last quarter. Finally, Verity & Verity LLC bought a new stake in shares of Brookfield during the third quarter worth approximately $242,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Performance

Shares of Brookfield stock opened at $51.81 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. The company has a market cap of $85.28 billion, a PE ratio of 172.69 and a beta of 1.65. The company has a 50 day moving average of $57.38 and a 200-day moving average of $55.90. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.78.

Brookfield (NYSE:BN) last issued its 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 return on equity of 3.93% and a net margin of 0.75%. As a group, equities research analysts forecast that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s payout ratio is 120.00%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BN shares. TD Securities lifted their price target on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. CIBC boosted their target price 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. Scotiabank raised their price target on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 3rd. Finally, Morgan Stanley assumed coverage on shares of Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.