TBH Global Asset Management LLC purchased a new position in shares of Brookfield Co. (NYSE:BN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,593 shares of the company's stock, valued at approximately $666,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. First Personal Financial Services acquired a new position in shares of Brookfield in the third quarter valued at $42,000. FSA Wealth Management LLC acquired a new stake in shares of Brookfield in the third quarter valued at approximately $42,000. Prestige Wealth Management Group LLC lifted its position in shares of Brookfield by 137.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company's stock valued at $46,000 after acquiring an additional 500 shares during the period. Continuum Advisory LLC bought a new stake in Brookfield during the third quarter worth about $55,000. Finally, Pinnacle Bancorp Inc. lifted its holdings in shares of Brookfield by 29.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock worth $56,000 after acquiring an additional 221 shares during the period. 61.60% of the stock is currently owned by institutional investors.
Shares of BN stock opened at $60.53 on Thursday. The stock has a 50-day moving average of $58.53 and a 200-day moving average of $54.86. 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 stock has a market cap of $99.64 billion, a price-to-earnings ratio of 201.76 and a beta of 1.57. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.78.
Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.13. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. On average, equities research analysts forecast that Brookfield Co. will post 3.9 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given 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 yield of 0.59%. Brookfield's dividend payout ratio (DPR) is currently 106.67%.
Several analysts recently weighed in on the company. CIBC raised their price objective on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research note on Thursday, January 23rd. Morgan Stanley started coverage on Brookfield in a research report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 price objective on the stock. Scotiabank upped their target price on Brookfield from $69.00 to $71.00 and gave the stock a "sector outperform" rating in a report on Monday, February 3rd. TD Securities lifted their price target on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. 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 data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $64.00.
View Our Latest Report on BN
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.
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