Brookfield Co. (NYSE:BN) Shares Acquired by LPL Financial LLC

LPL Financial LLC lifted its holdings in shares of Brookfield Co. (NYSE:BN) by 28.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 225,236 shares of the company’s stock after buying an additional 50,012 shares during the period. LPL Financial LLC’s holdings in Brookfield were worth $12,940,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BN. Jackson Hill Advisors LLC raised its stake in Brookfield by 5.8% during the 4th quarter. Jackson Hill Advisors LLC now owns 530,000 shares of the company’s stock worth $30,448,000 after acquiring an additional 29,000 shares in the last quarter. Guardian Partners Inc. purchased a new position in Brookfield during the 4th quarter worth approximately $16,387,000. Hillsdale Investment Management Inc. increased its position in Brookfield by 661.2% during the fourth quarter. Hillsdale Investment Management Inc. now owns 256,648 shares of the company’s stock worth $14,735,000 after buying an additional 222,933 shares during the period. American Century Companies Inc. lifted its stake in Brookfield by 3.6% in the fourth quarter. American Century Companies Inc. now owns 64,088 shares of the company’s stock valued at $3,684,000 after buying an additional 2,200 shares during the last quarter. Finally, Oxford Financial Group LTD. LLC acquired a new stake in shares of Brookfield in the fourth quarter valued at approximately $206,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

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

Brookfield Trading Up 1.1 %

Shares of Brookfield stock opened at $54.38 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. The firm has a market cap of $89.55 billion, a price-to-earnings ratio of 181.27 and a beta of 1.65. Brookfield Co. has a 52-week low of $38.18 and a 52-week high of $62.78. The company’s 50-day simple moving average is $56.51 and its 200-day simple moving average is $56.31.

Brookfield (NYSE:BN) last released its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. As a group, equities research analysts anticipate 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 was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Friday, March 14th. Brookfield’s dividend payout ratio (DPR) is currently 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.