Ieq Capital LLC Raises Position in Brookfield Co. (NYSE:BN)

Ieq Capital LLC boosted its position in Brookfield Co. (NYSE:BN) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,434 shares of the company’s stock after purchasing an additional 458 shares during the period. Ieq Capital LLC’s holdings in Brookfield were worth $370,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BN. TBH Global Asset Management LLC bought a new stake in shares of Brookfield in the fourth quarter valued at $666,000. Bryn Mawr Capital Management LLC raised its stake in Brookfield by 259.8% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 26,398 shares of the company’s stock valued at $1,517,000 after acquiring an additional 19,062 shares during the period. Alberta Investment Management Corp lifted its holdings in Brookfield by 3.1% during the fourth quarter. Alberta Investment Management Corp now owns 4,334,991 shares of the company’s stock valued at $249,031,000 after purchasing an additional 129,035 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in Brookfield by 18.6% during the fourth quarter. Global Retirement Partners LLC now owns 3,801 shares of the company’s stock valued at $218,000 after purchasing an additional 597 shares during the last quarter. Finally, Lorne Steinberg Wealth Management Inc. boosted its position in Brookfield by 0.8% during the fourth quarter. Lorne Steinberg Wealth Management Inc. now owns 138,772 shares of the company’s stock worth $7,968,000 after purchasing an additional 1,045 shares during the period. 61.60% of the stock is owned by institutional investors.

Brookfield Stock Performance

NYSE:BN opened at $56.88 on Friday. The stock has a market cap of $93.64 billion, a P/E ratio of 189.62 and a beta of 1.57. 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 business’s 50-day moving average price is $58.56 and its two-hundred day moving average price is $55.37. Brookfield Co. has a twelve month low of $38.18 and a twelve month high of $62.78.

Brookfield (NYSE:BN) last released its quarterly earnings results 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%. As a group, equities analysts predict that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.09 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.63%. Brookfield’s dividend payout ratio (DPR) is presently 120.00%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BN. Scotiabank boosted their price target 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. TD Securities boosted 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. CIBC raised their price target on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a report on Thursday, January 23rd. BMO Capital Markets reiterated an “outperform” rating and set a $62.00 price objective (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Finally, Morgan Stanley began coverage on Brookfield in a research note on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 target price for the company. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.