Bruni J V & Co. Co. Has $84.71 Million Stake in Brookfield Co. (NYSE:BN)

Bruni J V & Co. Co. increased its stake in shares of Brookfield Co. (NYSE:BN) by 0.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,474,458 shares of the company’s stock after purchasing an additional 3,860 shares during the period. Brookfield comprises about 9.6% of Bruni J V & Co. Co.’s holdings, making the stock its biggest position. Bruni J V & Co. Co.’s holdings in Brookfield were worth $84,708,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Brookfield by 131.9% during 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 position in Brookfield by 5.7% during the third quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company’s stock valued at $9,764,000 after purchasing an additional 9,915 shares during the last quarter. Geode Capital Management LLC lifted 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 purchasing an additional 591,757 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Brookfield by 10.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company’s stock valued at $189,507,000 after purchasing an additional 351,231 shares during the last quarter. Finally, Partners Group Holding AG lifted its position in Brookfield by 53.5% during the third quarter. Partners Group Holding AG now owns 409,303 shares of the company’s stock valued at $21,754,000 after purchasing an additional 142,603 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Analyst Ratings Changes

BN has been the subject of several research reports. CIBC increased their price objective on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research report on Thursday, January 23rd. TD Securities increased their price objective on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. BMO Capital Markets restated an “outperform” rating and issued a $62.00 target price (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. Scotiabank raised their target price on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a report on Monday, February 3rd. Finally, 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 for the company. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Brookfield has a consensus rating of “Moderate Buy” and an average target price of $64.00.

Brookfield Price Performance

Brookfield stock opened at $57.88 on Friday. The firm has a market capitalization of $95.28 billion, a PE ratio of 192.94 and a beta of 1.57. Brookfield Co. has a 12-month low of $38.18 and a 12-month high of $62.78. The firm has a 50-day moving average price of $58.60 and a 200-day moving average price of $55.46. 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 (NYSE:BN) last posted 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 net margin of 0.75% and a return on equity of 3.93%. As a group, equities research analysts forecast that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 0.62%. The ex-dividend date is Friday, March 14th. Brookfield’s dividend payout ratio is presently 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.