Brookfield Co. (NYSE:BN) Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. grew its holdings in shares of Brookfield Co. (NYSE:BN) by 4.6% in the fourth quarter, HoldingsChannel reports. The fund owned 9,450 shares of the company’s stock after buying an additional 415 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Brookfield were worth $543,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of BN. CIBC Asset Management Inc grew its position in Brookfield by 6.2% in the 4th 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 in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Brookfield by 31.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock worth $623,783,000 after acquiring an additional 2,818,716 shares during the period. EdgePoint Investment Group Inc. boosted its holdings in shares of Brookfield by 1.7% in 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 increased its stake in shares of 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 during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Brookfield by 11.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,507,113 shares of the company’s stock worth $373,527,000 after purchasing an additional 668,630 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Up 0.0 %

Shares of Brookfield stock opened at $55.37 on Wednesday. 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 Co. has a 12-month low of $38.18 and a 12-month high of $62.78. The firm has a market capitalization of $91.18 billion, a PE ratio of 184.57 and a beta of 1.65. The stock’s fifty day moving average is $57.08 and its 200-day moving average is $56.15.

Brookfield (NYSE:BN) last posted its quarterly earnings data 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 net margin of 0.75% and a return on equity of 3.93%. Equities analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Friday, March 14th. Brookfield’s dividend payout ratio is 120.00%.

Wall Street Analysts Forecast Growth

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

Brookfield Company 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.