Royal London Asset Management Ltd. Purchases 4,731 Shares of Brookfield Co. (NYSE:BN)

Royal London Asset Management Ltd. raised its position in shares of Brookfield Co. (NYSE:BN) by 0.7% during the fourth quarter, HoldingsChannel reports. The fund owned 715,782 shares of the company’s stock after acquiring an additional 4,731 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Brookfield were worth $41,122,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of BN. Baillie Gifford & Co. increased its position in Brookfield by 809.5% during the fourth quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company’s stock valued at $211,159,000 after acquiring an additional 3,271,403 shares during the last quarter. The Manufacturers Life Insurance Company increased its position 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 valued at $623,783,000 after acquiring an additional 2,818,716 shares during the last quarter. Regents of The University of California bought a new position in Brookfield during the fourth quarter valued at $154,140,000. Raymond James Financial Inc. bought a new position in Brookfield during the fourth quarter valued at $82,795,000. Finally, Toronto Dominion Bank increased its position in Brookfield by 23.4% during the third quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock valued at $364,152,000 after acquiring an additional 1,301,072 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on BN shares. 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 shares of Brookfield in a research note on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price for the company. TD Securities boosted their target price 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, 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 note on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

Brookfield Stock Down 0.7 %

NYSE:BN opened at $53.66 on Friday. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.78. The company has a 50-day moving average of $57.10 and a 200 day moving average of $55.88. The firm has a market cap of $88.32 billion, a PE ratio of 178.86 and a beta of 1.65. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09.

Brookfield (NYSE:BN) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share 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%. As a group, research analysts anticipate that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.67%. Brookfield’s dividend payout ratio is presently 120.00%.

Brookfield 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.