Brookfield Co. (NYSE:BN) Shares Acquired by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI increased its stake in shares of Brookfield Co. (NYSE:BN) by 5.8% in the 4th quarter, HoldingsChannel reports. The firm owned 4,350 shares of the company’s stock after purchasing an additional 240 shares during the period. Citizens Financial Group Inc. RI’s holdings in Brookfield were worth $250,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BN. Baillie Gifford & Co. lifted its position in shares of 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 purchasing an additional 3,271,403 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings 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 during the last quarter. Regents of The University of California acquired a new position in shares of Brookfield during the 4th quarter worth about $154,140,000. Raymond James Financial Inc. purchased a new position in shares of Brookfield in the 4th quarter valued at about $82,795,000. Finally, Toronto Dominion Bank increased its holdings in shares of Brookfield by 23.4% in the 3rd quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock valued at $364,152,000 after acquiring an additional 1,301,072 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Scotiabank raised their price objective 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. CIBC boosted their target price on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 target price (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Morgan Stanley assumed coverage on Brookfield in a research report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price target on the stock. Finally, TD Securities increased their price objective on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

Brookfield Stock Up 3.7 %

BN opened at $50.42 on Friday. The business has a 50 day moving average price of $57.49 and a two-hundred day moving average price of $55.80. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.78. The company has a market cap of $82.99 billion, a PE ratio of 168.06 and a beta of 1.65. 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 released its quarterly earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. As a group, research analysts anticipate that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Friday, March 14th. Brookfield’s payout ratio is 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.