Clearbridge Investments LLC Has $127.67 Million Position in Brookfield Co. (NYSE:BN)

Clearbridge Investments LLC boosted its holdings in shares of Brookfield Co. (NYSE:BN) by 29.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,222,358 shares of the company’s stock after buying an additional 505,441 shares during the period. Clearbridge Investments LLC owned approximately 0.14% of Brookfield worth $127,674,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of BN. Vanguard Group Inc. raised its holdings in shares of Brookfield by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 59,904,458 shares of the company’s stock worth $3,443,129,000 after acquiring an additional 974,533 shares during the last quarter. Norges Bank bought a new position in shares of Brookfield in the fourth quarter valued at approximately $973,591,000. CIBC Asset Management Inc boosted its position in shares of Brookfield by 6.2% during the fourth quarter. CIBC Asset Management Inc now owns 14,178,133 shares of the company’s stock valued at $814,585,000 after buying an additional 823,428 shares during the last quarter. EdgePoint Investment Group Inc. grew its holdings in Brookfield by 1.7% during the third quarter. EdgePoint Investment Group Inc. now owns 11,512,817 shares of the company’s stock worth $611,383,000 after buying an additional 196,790 shares in the last quarter. Finally, Toronto Dominion Bank raised its position in Brookfield by 23.4% in the 3rd 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. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Trading Down 4.4 %

NYSE:BN opened at $51.77 on Monday. Brookfield Co. has a 12 month low of $38.18 and a 12 month high of $62.78. 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’s 50 day moving average is $56.83 and its 200 day moving average is $56.27. The stock has a market capitalization of $85.25 billion, a PE ratio of 172.57 and a beta of 1.65.

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

Brookfield Announces Dividend

The firm also recently announced 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 0.70%. Brookfield’s dividend payout ratio is presently 120.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. TD Securities lifted their price objective on shares of Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Scotiabank upped their price objective on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 3rd. CIBC boosted their target price on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley began coverage on Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 target price for the company. One 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.

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.