Brookfield Co. (NYSE:BN) Shares Purchased by Capital World Investors

Capital World Investors boosted its holdings in shares of Brookfield Co. (NYSE:BN) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,020,303 shares of the company’s stock after acquiring an additional 1,782,034 shares during the period. Capital World Investors’ holdings in Brookfield were worth $3,390,786,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of BN. Compass Planning Associates Inc acquired a new position in Brookfield in the 4th quarter valued at about $30,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Brookfield during the fourth quarter worth about $48,000. Promus Capital LLC acquired a new position in shares of Brookfield in the fourth quarter valued at approximately $55,000. Pinnacle Bancorp Inc. lifted its stake in shares of Brookfield by 29.5% during the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock valued at $56,000 after buying an additional 221 shares during the period. Finally, Albion Financial Group UT acquired a new stake in Brookfield during the fourth quarter worth approximately $57,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Trading Up 1.8 %

Shares of BN stock opened at $49.70 on Friday. Brookfield Co. has a fifty-two week low of $38.51 and a fifty-two week high of $62.78. The firm’s 50 day moving average price is $53.20 and its two-hundred day moving average price is $55.87. The stock has a market cap of $81.84 billion, a price-to-earnings ratio of 165.67 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.

Brookfield (NYSE:BN) last posted its earnings results 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 net margin of 0.75% and a return on equity of 3.93%. On average, analysts anticipate that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield’s dividend payout ratio is presently 120.00%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BN. Scotiabank reduced their price target on Brookfield from $71.00 to $68.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 7th. CIBC raised their price target on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. TD Securities upped their price objective 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. JPMorgan Chase & Co. decreased their target price on shares of Brookfield from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Morgan Stanley dropped their price target on shares of Brookfield from $83.00 to $61.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.88.

Brookfield Company 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.