Vanguard Group Inc. Grows Stake in Brookfield Co. (NYSE:BN)

Vanguard Group Inc. grew its position in Brookfield Co. (NYSE:BN) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,904,458 shares of the company’s stock after buying an additional 974,533 shares during the quarter. Vanguard Group Inc. owned 3.64% of Brookfield worth $3,443,129,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BN. Pittenger & Anderson Inc. lifted its stake in Brookfield by 14.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company’s stock worth $90,000 after acquiring an additional 203 shares during the period. Pinnacle Bancorp Inc. lifted its position in shares of Brookfield by 29.5% in the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after purchasing an additional 221 shares during the period. Citizens Financial Group Inc. RI boosted its stake in shares of Brookfield by 5.8% during the fourth quarter. Citizens Financial Group Inc. RI now owns 4,350 shares of the company’s stock valued at $250,000 after purchasing an additional 240 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Brookfield by 10.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company’s stock valued at $148,000 after buying an additional 245 shares during the period. Finally, Fisher Asset Management LLC raised its stake in Brookfield by 2.7% in the fourth quarter. Fisher Asset Management LLC now owns 9,873 shares of the company’s stock worth $567,000 after buying an additional 255 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Up 0.0 %

BN stock opened at $55.37 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.78. The stock has a market capitalization of $91.18 billion, a PE ratio of 184.57 and a beta of 1.65. The firm has a 50 day moving average of $57.08 and a 200 day moving average of $56.15.

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 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%. Sell-side analysts forecast that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s dividend payout ratio (DPR) is 120.00%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BN shares. TD Securities lifted their price target on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Scotiabank boosted their target price on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a report on Monday, February 3rd. Morgan Stanley began coverage on shares of Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price target on the stock. Finally, CIBC boosted their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.