Union Bancaire Privee UBP SA Takes Position in Brookfield Co. (NYSE:BN)

Union Bancaire Privee UBP SA bought a new position in Brookfield Co. (NYSE:BN) in the fourth quarter, Holdings Channel.com reports. The firm bought 1,040 shares of the company’s stock, valued at approximately $57,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BN. Compass Planning Associates Inc acquired a new position in shares of Brookfield in the 4th quarter valued at about $30,000. First Personal Financial Services acquired a new position in Brookfield in the third quarter valued at approximately $42,000. FSA Wealth Management LLC purchased a new stake in Brookfield in the 3rd quarter worth approximately $42,000. Prestige Wealth Management Group LLC grew its stake in shares of Brookfield by 137.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after purchasing an additional 500 shares during the period. Finally, Continuum Advisory LLC acquired a new stake in shares of Brookfield during the 3rd quarter worth approximately $55,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on BN shares. TD Securities increased their price target on shares of Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Scotiabank increased their target price on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 3rd. Morgan Stanley assumed coverage on Brookfield in a research note on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price target for the company. BMO Capital Markets reiterated an “outperform” rating and set a $62.00 price target (up previously from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Finally, CIBC raised their price objective on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

Brookfield Trading Down 0.5 %

BN stock opened at $57.63 on Wednesday. Brookfield Co. has a 12-month low of $38.18 and a 12-month high of $62.78. The business’s 50-day moving average is $58.49 and its 200 day moving average is $55.34. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. The stock has a market cap of $94.86 billion, a price-to-earnings ratio of 192.09 and a beta of 1.57.

Brookfield (NYSE:BN) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.01 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%. On average, sell-side analysts anticipate that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s dividend payout ratio is currently 120.00%.

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.