Brookfield Co. (NYSE:BN) Stock Position Lifted by Gold Investment Management Ltd.

Gold Investment Management Ltd. increased its position in Brookfield Co. (NYSE:BN) by 1.0% in the 4th quarter, HoldingsChannel reports. The fund owned 91,813 shares of the company’s stock after buying an additional 908 shares during the quarter. Brookfield makes up about 2.2% of Gold Investment Management Ltd.’s holdings, making the stock its 8th largest holding. Gold Investment Management Ltd.’s holdings in Brookfield were worth $5,276,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CIBC Asset Management Inc increased its stake in shares of Brookfield by 6.2% in the fourth quarter. CIBC Asset Management Inc now owns 14,178,133 shares of the company’s stock worth $814,585,000 after purchasing an additional 823,428 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Brookfield by 31.6% during the third quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock valued at $623,783,000 after buying an additional 2,818,716 shares during the last quarter. EdgePoint Investment Group Inc. raised its holdings in shares of Brookfield by 1.7% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 11,512,817 shares of the company’s stock worth $611,383,000 after acquiring an additional 196,790 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of Brookfield by 23.4% during 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. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Brookfield by 11.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,507,113 shares of the company’s stock valued at $373,527,000 after purchasing an additional 668,630 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BN shares. 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 research note on Tuesday, February 11th. Morgan Stanley initiated 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. CIBC lifted their price target on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday, January 23rd. Finally, Scotiabank upped their price objective on Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.00.

Brookfield Stock Up 3.7 %

Shares of NYSE BN opened at $50.42 on Monday. Brookfield Co. has a 1 year low of $38.18 and a 1 year high of $62.78. The firm has a 50-day simple moving average of $57.49 and a two-hundred day simple moving average of $55.88. The company has a market cap of $82.99 billion, a P/E ratio of 168.06 and a beta of 1.65. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09.

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 analysts’ consensus estimates of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. Research analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

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