64,603 Shares in Brookfield Co. (NYSE:BN) Purchased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR bought a new stake in Brookfield Co. (NYSE:BN) in the fourth quarter, HoldingsChannel.com reports. The fund bought 64,603 shares of the company’s stock, valued at approximately $3,711,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Tocqueville Asset Management L.P. boosted its position in Brookfield by 7.5% during the 4th quarter. Tocqueville Asset Management L.P. now owns 55,442 shares of the company’s stock valued at $3,185,000 after purchasing an additional 3,887 shares during the period. Horizon Kinetics Asset Management LLC lifted its stake in Brookfield by 15.3% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 1,218,597 shares of the company’s stock valued at $70,008,000 after buying an additional 161,891 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Brookfield by 51.3% during the fourth quarter. Signaturefd LLC now owns 8,409 shares of the company’s stock valued at $483,000 after acquiring an additional 2,851 shares during the period. Gold Investment Management Ltd. grew its position in shares of Brookfield by 1.0% during the fourth quarter. Gold Investment Management Ltd. now owns 91,813 shares of the company’s stock worth $5,276,000 after acquiring an additional 908 shares during the last quarter. Finally, Corient Private Wealth LLC increased its holdings in shares of Brookfield by 0.8% in the 4th quarter. Corient Private Wealth LLC now owns 3,328,164 shares of the company’s stock worth $191,203,000 after acquiring an additional 25,911 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on BN. Scotiabank boosted 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. Morgan Stanley started coverage on Brookfield in a research report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective for the company. TD Securities raised their target price on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, CIBC boosted their price target on 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 stock. According to data from MarketBeat.com, Brookfield has a consensus rating of “Moderate Buy” and an average target price of $64.00.

Brookfield Stock Performance

BN opened at $52.19 on Wednesday. The business has a 50 day moving average price of $57.28 and a two-hundred day moving average price of $55.91. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The company has a market capitalization of $85.90 billion, a price-to-earnings ratio of 173.96 and a beta of 1.65. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.78.

Brookfield (NYSE:BN) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, beating 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%. Research analysts predict that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.69%. Brookfield’s dividend payout ratio is currently 120.00%.

About Brookfield

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.