Deutsche Bank AG Purchases 160,841 Shares of Brookfield Co. (NYSE:BN)

Deutsche Bank AG increased its position in Brookfield Co. (NYSE:BN) by 10.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,722,720 shares of the company’s stock after acquiring an additional 160,841 shares during the quarter. Deutsche Bank AG owned about 0.10% of Brookfield worth $98,970,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Forsta AP Fonden grew its stake in shares of Brookfield by 4.9% in the fourth quarter. Forsta AP Fonden now owns 287,200 shares of the company’s stock worth $16,499,000 after acquiring an additional 13,300 shares during the last quarter. Chemistry Wealth Management LLC grew its position in Brookfield by 10.1% in the 4th quarter. Chemistry Wealth Management LLC now owns 252,597 shares of the company’s stock worth $14,512,000 after purchasing an additional 23,159 shares during the last quarter. Triangle Securities Wealth Management grew its position in Brookfield by 11.2% in the 4th quarter. Triangle Securities Wealth Management now owns 90,137 shares of the company’s stock worth $5,178,000 after purchasing an additional 9,048 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Brookfield by 19.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 68,583 shares of the company’s stock worth $3,940,000 after purchasing an additional 11,136 shares during the period. Finally, Guerra Pan Advisors LLC acquired a new position in shares of Brookfield during the fourth quarter valued at about $321,000. Institutional investors own 61.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on BN shares. Morgan Stanley lowered their price target on Brookfield from $83.00 to $61.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. TD Securities decreased their price objective on Brookfield from $77.00 to $74.00 and set a “buy” rating on the stock in a report on Monday, May 5th. Scotiabank cut their target price on Brookfield from $71.00 to $68.00 and set a “sector outperform” rating for the company in a research note on Monday, April 7th. CIBC decreased their price target on shares of Brookfield from $74.00 to $72.00 and set an “outperformer” rating on the stock in a research note on Friday. Finally, JPMorgan Chase & Co. lowered their price target on shares of Brookfield from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $63.00.

Brookfield Stock Performance

Brookfield stock opened at $56.73 on Monday. Brookfield Co. has a 52-week low of $39.97 and a 52-week high of $62.78. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The stock has a fifty day moving average price of $51.71 and a two-hundred day moving average price of $55.89. The firm has a market capitalization of $93.46 billion, a P/E ratio of 189.11 and a beta of 1.64.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.08. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. As a group, analysts anticipate that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Friday, June 13th. Brookfield’s dividend payout ratio (DPR) is currently 128.57%.

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.