Global Endowment Management LP Buys 1,952 Shares of Brookfield Co. (NYSE:BN)

Global Endowment Management LP grew its position in Brookfield Co. (NYSE:BN) by 8.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 23,797 shares of the company’s stock after buying an additional 1,952 shares during the period. Global Endowment Management LP’s holdings in Brookfield were worth $1,367,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Brookfield in the 4th quarter valued at about $973,591,000. Baillie Gifford & Co. increased its stake in Brookfield by 809.5% in the fourth quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company’s stock valued at $211,159,000 after purchasing an additional 3,271,403 shares in the last quarter. Regents of The University of California acquired a new stake in Brookfield in the fourth quarter worth $154,140,000. Geode Capital Management LLC boosted its position in shares of Brookfield by 32.0% during the fourth quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company’s stock worth $460,489,000 after purchasing an additional 1,930,218 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of Brookfield by 51.9% in the 4th quarter. Bessemer Group Inc. now owns 4,839,267 shares of the company’s stock valued at $278,016,000 after buying an additional 1,652,935 shares during the period. Institutional investors own 61.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Morgan Stanley lowered their price target on Brookfield from $83.00 to $61.00 and set an “overweight” rating for the company in a report on Monday. Scotiabank lowered their target price on Brookfield from $71.00 to $68.00 and set a “sector outperform” rating for the company in a research note on Monday, April 7th. TD Securities upped 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. Finally, CIBC increased their price objective on shares of 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $61.25.

Brookfield Price Performance

BN stock opened at $48.87 on Thursday. Brookfield Co. has a 12 month low of $38.32 and a 12 month high of $62.78. The firm has a market cap of $80.47 billion, a P/E ratio of 162.91 and a beta of 1.60. 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 company’s 50-day moving average price is $53.58 and its two-hundred day moving average price is $55.92.

Brookfield (NYSE:BN) last posted its earnings results on Thursday, February 13th. The company reported $1.01 EPS 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%. On average, analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.74%. Brookfield’s 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.