Guardian Partners Inc. Invests $16.39 Million in Brookfield Co. (NYSE:BN)

Guardian Partners Inc. bought a new position in shares of Brookfield Co. (NYSE:BN) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 280,639 shares of the company’s stock, valued at approximately $16,387,000. Brookfield comprises 1.7% of Guardian Partners Inc.’s holdings, making the stock its 14th biggest position.

Other institutional investors also recently bought and sold shares of the company. Compass Planning Associates Inc bought a new position in Brookfield during the fourth quarter valued at about $30,000. FSA Wealth Management LLC bought a new position in Brookfield during the third quarter valued at about $42,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Brookfield during the fourth quarter valued at about $48,000. Prestige Wealth Management Group LLC raised 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 valued at $46,000 after buying an additional 500 shares in the last quarter. Finally, Promus Capital LLC bought a new position in Brookfield during the fourth quarter valued at about $55,000. 61.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BN has been the topic of several research analyst reports. CIBC raised their price target on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research report on Thursday, January 23rd. Morgan Stanley initiated coverage on Brookfield in a research report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price target on the stock. Scotiabank raised their price target on Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research report on Monday, February 3rd. Finally, TD Securities raised their price target on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

Brookfield Stock Down 0.2 %

BN stock opened at $53.65 on Friday. Brookfield Co. has a twelve month low of $38.18 and a twelve month high of $62.78. The company has a market cap of $88.34 billion, a PE ratio of 178.83 and a beta of 1.65. The business’s 50-day simple moving average is $57.07 and its 200 day simple moving average is $55.96. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40.

Brookfield (NYSE:BN) last released its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given 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 (DPR) is presently 120.00%.

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.