D.A. Davidson & CO. Makes New $694,000 Investment in Brookfield Co. (NYSE:BN)

D.A. Davidson & CO. acquired a new stake in shares of Brookfield Co. (NYSE:BN) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,087 shares of the company’s stock, valued at approximately $694,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. CIBC Asset Management Inc raised its position in shares of Brookfield by 6.2% during the 4th quarter. CIBC Asset Management Inc now owns 14,178,133 shares of the company’s stock valued at $814,585,000 after purchasing an additional 823,428 shares during the period. The Manufacturers Life Insurance Company grew its stake in Brookfield by 31.6% during the third quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock valued at $623,783,000 after acquiring an additional 2,818,716 shares in the last quarter. EdgePoint Investment Group Inc. grew its stake in Brookfield by 1.7% during the third quarter. EdgePoint Investment Group Inc. now owns 11,512,817 shares of the company’s stock valued at $611,383,000 after acquiring an additional 196,790 shares in the last quarter. Toronto Dominion Bank grew its stake in Brookfield by 23.4% during the third quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock valued at $364,152,000 after acquiring an additional 1,301,072 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Brookfield by 10.9% during the third quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company’s stock valued at $320,670,000 after acquiring an additional 591,757 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BN has been the subject of several research analyst reports. CIBC raised 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 raised 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. Scotiabank raised 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. Morgan Stanley initiated coverage on shares of Brookfield in a research note on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price for the company. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 target price (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Brookfield currently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

Brookfield Stock Performance

Shares of NYSE:BN opened at $57.95 on Tuesday. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.78. The stock has a market capitalization of $95.39 billion, a P/E ratio of 193.16 and a beta of 1.57. The firm has a fifty day simple moving average of $58.52 and a two-hundred day simple moving average of $55.25. 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 issued its quarterly earnings data on Thursday, February 13th. The company reported $1.01 EPS for the quarter, topping 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 expect that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.09 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.62%. Brookfield’s dividend payout ratio (DPR) is presently 106.67%.

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.