Signaturefd LLC Boosts Holdings in Brookfield Co. (NYSE:BN)

Signaturefd LLC raised its stake in Brookfield Co. (NYSE:BN) by 51.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,409 shares of the company’s stock after buying an additional 2,851 shares during the period. Signaturefd LLC’s holdings in Brookfield were worth $483,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Thrivent Financial for Lutherans bought a new position in shares of Brookfield during the 3rd quarter valued at $223,000. Pathstone Holdings LLC lifted its position in shares of Brookfield by 2.0% in the 3rd quarter. Pathstone Holdings LLC now owns 97,293 shares of the company’s stock worth $5,171,000 after purchasing an additional 1,929 shares during the period. Caprock Group LLC lifted its position in shares of Brookfield by 2.5% in the 3rd quarter. Caprock Group LLC now owns 12,332 shares of the company’s stock worth $655,000 after purchasing an additional 300 shares during the period. PNC Financial Services Group Inc. lifted its position in Brookfield by 5.7% during 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. Finally, Citizens Financial Group Inc. RI purchased a new position in Brookfield during the 3rd quarter valued at about $218,000. Institutional investors own 61.60% of the company’s stock.

Brookfield Price Performance

Shares of NYSE:BN opened at $53.66 on Friday. The company has a 50-day simple moving average of $57.10 and a 200-day simple moving average of $55.88. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21. The stock has a market capitalization of $88.32 billion, a price-to-earnings ratio of 178.86 and a beta of 1.65.

Brookfield (NYSE:BN) last issued its earnings results 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 predict that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 yield of 0.67%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s dividend payout ratio is currently 120.00%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Morgan Stanley assumed coverage on shares of Brookfield in a research note on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective for the company. Scotiabank raised their price objective on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a report on Monday, February 3rd. CIBC lifted their price target on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd. Finally, TD Securities boosted their price objective on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Brookfield presently has a consensus rating of “Moderate Buy” and an average price target 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.