Hosking Partners LLP Buys 32,877 Shares of Brookfield Co. (NYSE:BN)

Hosking Partners LLP boosted its position in Brookfield Co. (NYSE:BN) by 47.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,885 shares of the company’s stock after buying an additional 32,877 shares during the period. Hosking Partners LLP’s holdings in Brookfield were worth $5,853,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BN. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Brookfield by 131.9% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company’s stock valued at $24,594,000 after purchasing an additional 263,375 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Brookfield by 5.7% during the third quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company’s stock worth $9,764,000 after purchasing an additional 9,915 shares during the last quarter. Geode Capital Management LLC grew its position 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 during the last quarter. Charles Schwab Investment Management Inc. raised its position in Brookfield by 10.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company’s stock worth $189,507,000 after purchasing an additional 351,231 shares during the period. Finally, Partners Group Holding AG lifted its stake in shares of Brookfield by 53.5% in the 3rd quarter. Partners Group Holding AG now owns 409,303 shares of the company’s stock valued at $21,754,000 after acquiring an additional 142,603 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BN. Scotiabank increased 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. Morgan Stanley assumed coverage on shares of Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price on the stock. CIBC increased their target price on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. BMO Capital Markets restated an “outperform” rating and issued a $62.00 price objective (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. Finally, TD Securities boosted their price objective on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Brookfield currently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

Brookfield Trading Down 1.4 %

BN opened at $56.88 on Friday. The stock has a fifty day moving average price of $58.56 and a 200-day moving average price of $55.37. The company has a current ratio of 1.21, a quick ratio of 1.09 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 cap of $93.64 billion, a price-to-earnings ratio of 189.62 and a beta of 1.57.

Brookfield (NYSE:BN) last announced its quarterly earnings data 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 fiscal year.

Brookfield Dividend Announcement

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 issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date 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.