Douglass Winthrop Advisors LLC Grows Holdings in Brookfield Co. (NYSE:BN)

Douglass Winthrop Advisors LLC increased its position in shares of Brookfield Co. (NYSE:BN) by 149.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,724 shares of the company’s stock after purchasing an additional 6,425 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Brookfield were worth $616,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Compass Planning Associates Inc purchased a new position in Brookfield during the fourth quarter worth about $30,000. FSA Wealth Management LLC purchased a new position in Brookfield during the third quarter worth about $42,000. Prestige Wealth Management Group LLC boosted its holdings in Brookfield by 137.0% during the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after purchasing an additional 500 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Brookfield during the fourth quarter worth about $48,000. Finally, Continuum Advisory LLC purchased a new position in Brookfield during the third quarter worth about $55,000. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Stock Performance

NYSE BN opened at $53.65 on Friday. The company’s 50 day moving average is $57.07 and its 200-day moving average is $55.91. Brookfield Co. has a 12-month low of $38.18 and a 12-month high of $62.78. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. The firm has a market cap of $88.34 billion, a P/E ratio of 178.83 and a beta of 1.65.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts predict that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Friday, March 14th. Brookfield’s dividend payout ratio (DPR) is currently 120.00%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BN. Morgan Stanley started coverage on shares of Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price target on the stock. CIBC boosted 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. TD Securities boosted their target price on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, 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 research note on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently 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.