Prudential PLC Has $675,000 Stake in Brookfield Co. (NYSE:BN)

Prudential PLC increased its position in Brookfield Co. (NYSE:BN) by 29.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,756 shares of the company’s stock after purchasing an additional 2,660 shares during the period. Prudential PLC’s holdings in Brookfield were worth $675,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Compass Planning Associates Inc acquired a new position in shares of Brookfield during the fourth quarter valued at about $30,000. Prestige Wealth Management Group LLC increased its holdings in Brookfield by 137.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after purchasing an additional 500 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Brookfield in the fourth quarter worth approximately $48,000. Continuum Advisory LLC bought a new position in shares of Brookfield in the third quarter valued at approximately $55,000. Finally, Promus Capital LLC bought a new stake in Brookfield during the fourth quarter worth $55,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BN shares. CIBC raised their price objective on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday, January 23rd. TD Securities boosted their price target on shares of Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Scotiabank reduced their price objective on shares of Brookfield from $71.00 to $68.00 and set a “sector outperform” rating for the company in a research report on Monday. Finally, Morgan Stanley assumed coverage on shares of Brookfield in a research report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price on the stock. One research 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 company presently has an average rating of “Moderate Buy” and an average price target of $63.63.

Brookfield Stock Performance

NYSE BN opened at $45.80 on Tuesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21. The company has a market capitalization of $75.42 billion, a PE ratio of 152.67 and a beta of 1.60. Brookfield Co. has a 52-week low of $38.18 and a 52-week high of $62.78. The company has a 50-day simple moving average of $55.74 and a 200 day simple moving average of $56.28.

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

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.79%. Brookfield’s dividend payout ratio is presently 120.00%.

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.