Brookfield Co. (NYSE:BN) Shares Bought by Blue Zone Wealth Advisors LLC

Blue Zone Wealth Advisors LLC raised its position in shares of Brookfield Co. (NYSE:BN) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,497 shares of the company’s stock after purchasing an additional 1,293 shares during the period. Brookfield makes up approximately 2.4% of Blue Zone Wealth Advisors LLC’s investment portfolio, making the stock its 6th biggest position. Blue Zone Wealth Advisors LLC’s holdings in Brookfield were worth $8,359,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. AMS Capital Ltda bought a new stake in Brookfield during the fourth quarter valued at $5,529,000. Van ECK Associates Corp acquired a new stake in shares of Brookfield in the 4th quarter worth about $341,000. Louisbourg Investments Inc. raised its holdings in shares of Brookfield by 18.3% in the 4th quarter. Louisbourg Investments Inc. now owns 196,124 shares of the company’s stock worth $11,267,000 after acquiring an additional 30,287 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Brookfield by 1.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 78,682 shares of the company’s stock valued at $4,520,000 after buying an additional 974 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. grew its position in shares of Brookfield by 5.1% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 14,922 shares of the company’s stock valued at $857,000 after acquiring an additional 719 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Trading Up 0.8 %

Shares of BN opened at $60.88 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.40. Brookfield Co. has a 12-month low of $38.18 and a 12-month high of $62.78. The firm has a 50-day moving average price of $58.44 and a 200 day moving average price of $54.57. The firm has a market capitalization of $100.20 billion, a P/E ratio of 129.53 and a beta of 1.57.

Brookfield (NYSE:BN) last issued 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 1.00% and a return on equity of 3.74%. Sell-side analysts forecast that Brookfield Co. will post 3.83 EPS for the current year.

Brookfield Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Friday, March 14th. Brookfield’s dividend payout ratio (DPR) is presently 68.09%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Morgan Stanley began coverage on shares of Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price target for the company. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research report on Friday, November 15th. CIBC upped their price objective on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday, January 23rd. Scotiabank boosted their price target on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research report on Monday, February 3rd. Finally, TD Securities boosted their price target on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

About Brookfield

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.