Lowe Brockenbrough & Co. Inc. Makes New Investment in Brookfield Co. (NYSE:BN)

Lowe Brockenbrough & Co. Inc. acquired a new position in Brookfield Co. (NYSE:BN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,145 shares of the company’s stock, valued at approximately $238,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Compass Planning Associates Inc acquired a new position in Brookfield in the fourth quarter worth $30,000. FSA Wealth Management LLC acquired a new position in Brookfield in the third quarter worth $42,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Brookfield during the fourth quarter valued at $48,000. Prestige Wealth Management Group LLC boosted its holdings in shares of Brookfield by 137.0% during the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after acquiring an additional 500 shares during the period. Finally, Promus Capital LLC acquired a new position in shares of Brookfield during the fourth quarter valued at $55,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Price Performance

Shares of NYSE BN opened at $53.65 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. The firm’s 50-day simple moving average is $57.07 and its 200 day simple moving average is $55.91. Brookfield Co. has a fifty-two week low of $38.18 and a fifty-two week high of $62.78. The stock has a market cap of $88.34 billion, a P/E ratio of 178.83 and a beta of 1.65.

Brookfield (NYSE:BN) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, topping 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%. Equities analysts expect that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Announces Dividend

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 given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s dividend payout ratio (DPR) is presently 120.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BN. Morgan Stanley began coverage on shares of Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price target for the company. CIBC boosted their price target on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd. Scotiabank boosted their price target on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a report on Monday, February 3rd. Finally, TD Securities boosted their price target on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $64.00.

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.