Brown Brothers Harriman & Co. Acquires 400 Shares of Brookfield Co. (NYSE:BN)

Brown Brothers Harriman & Co. lifted its stake in Brookfield Co. (NYSE:BN) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,899 shares of the company’s stock after purchasing an additional 400 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Brookfield were worth $2,120,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Brookfield in the fourth quarter worth $973,591,000. Baillie Gifford & Co. increased its stake in Brookfield by 809.5% during the 4th quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company’s stock valued at $211,159,000 after purchasing an additional 3,271,403 shares in the last quarter. Regents of The University of California purchased a new position in Brookfield in the fourth quarter worth about $154,140,000. Raymond James Financial Inc. bought a new position in shares of Brookfield in the fourth quarter worth approximately $82,795,000. Finally, Toronto Dominion Bank grew its holdings in shares of Brookfield by 23.4% during the third quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock valued at $364,152,000 after buying an additional 1,301,072 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Performance

Shares of NYSE BN opened at $51.77 on Friday. Brookfield Co. has a 12-month low of $38.18 and a 12-month high of $62.78. The firm has a market capitalization of $85.25 billion, a price-to-earnings ratio of 172.57 and a beta of 1.65. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. The firm has a 50 day moving average of $56.83 and a 200 day moving average of $56.21.

Brookfield (NYSE:BN) last posted its quarterly earnings data 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%. On average, research analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.70%. Brookfield’s dividend payout ratio (DPR) is presently 120.00%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. 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. TD Securities increased their price objective on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. CIBC upped their target price 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. Finally, Scotiabank lifted their price target on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research note 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.