Sequoia Financial Advisors LLC Boosts Stake in Brookfield Co. (NYSE:BN)

Sequoia Financial Advisors LLC lifted its holdings in Brookfield Co. (NYSE:BN) by 18.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 919,350 shares of the company’s stock after buying an additional 143,004 shares during the period. Sequoia Financial Advisors LLC owned approximately 0.06% of Brookfield worth $52,817,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BN. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Brookfield by 131.9% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company’s stock valued at $24,594,000 after acquiring an additional 263,375 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Brookfield by 5.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company’s stock valued at $9,764,000 after acquiring an additional 9,915 shares during the period. Geode Capital Management LLC raised its stake in Brookfield by 10.9% in the 3rd quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company’s stock valued at $320,670,000 after acquiring an additional 591,757 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Brookfield by 10.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company’s stock valued at $189,507,000 after purchasing an additional 351,231 shares during the last quarter. Finally, Partners Group Holding AG boosted its position in Brookfield by 53.5% during the third quarter. Partners Group Holding AG now owns 409,303 shares of the company’s stock worth $21,754,000 after purchasing an additional 142,603 shares during the period. 61.60% of the stock is owned by institutional investors.

Brookfield Stock Down 1.0 %

Shares of BN opened at $49.85 on Wednesday. Brookfield Co. has a 1 year low of $38.18 and a 1 year high of $62.78. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The stock has a 50 day simple moving average of $57.96 and a two-hundred day simple moving average of $55.88. The firm has a market cap of $82.06 billion, a P/E ratio of 166.18 and a beta of 1.65.

Brookfield (NYSE:BN) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share (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 fiscal year.

Brookfield Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.72%. Brookfield’s dividend payout ratio (DPR) is currently 120.00%.

Wall Street Analysts Forecast Growth

BN has been the topic of several research reports. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 price target (up previously from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Scotiabank boosted their target price on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a report on Monday, February 3rd. CIBC increased their price objective on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a report on Thursday, January 23rd. TD Securities raised their price target on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Morgan Stanley started coverage on Brookfield in a research report on Thursday, January 23rd. They issued 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 company’s stock. According to data from MarketBeat, Brookfield has an average rating of “Moderate Buy” and an average target price of $64.00.

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.