Aigen Investment Management LP Makes New Investment in Brookfield Co. (NYSE:BN)

Aigen Investment Management LP purchased a new position in shares of Brookfield Co. (NYSE:BN) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 21,405 shares of the company’s stock, valued at approximately $1,230,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BN. Baillie Gifford & Co. lifted its position in Brookfield by 809.5% during the 4th quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company’s stock worth $211,159,000 after buying an additional 3,271,403 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Brookfield by 31.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock worth $623,783,000 after buying an additional 2,818,716 shares in the last quarter. Regents of The University of California bought a new stake in Brookfield during the 4th quarter worth about $154,140,000. Toronto Dominion Bank lifted its position in Brookfield by 23.4% during the 3rd quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock worth $364,152,000 after buying an additional 1,301,072 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in Brookfield by 6.2% during the 4th quarter. CIBC Asset Management Inc now owns 14,178,133 shares of the company’s stock worth $814,585,000 after buying an additional 823,428 shares in the last quarter. 61.60% of the stock is owned by institutional investors.

Brookfield Stock Up 3.0 %

Shares of BN opened at $55.19 on Thursday. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.78. The firm has a market cap of $90.84 billion, a P/E ratio of 183.96 and a beta of 1.57. The firm’s 50-day simple moving average is $58.46 and its 200 day simple moving average is $55.71. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21.

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

Brookfield Announces Dividend

The firm also recently disclosed 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. This represents a $0.36 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s dividend payout ratio is currently 120.00%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. CIBC boosted their price target 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. Scotiabank boosted their price objective on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 3rd. BMO Capital Markets restated an “outperform” rating and set a $62.00 price objective (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. TD Securities boosted their price objective on shares of Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, Morgan Stanley initiated coverage on shares of Brookfield in a research note on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective on the stock. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Brookfield currently has a consensus rating of “Moderate Buy” and an average target price of $64.00.

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.