Charles Schwab Investment Management Inc. Raises Stock Position in Brookfield Co. (NYSE:BN)

Charles Schwab Investment Management Inc. boosted its position in shares of Brookfield Co. (NYSE:BN) by 6.3% in the fourth quarter, HoldingsChannel reports. The fund owned 3,788,312 shares of the company’s stock after purchasing an additional 223,995 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Brookfield were worth $217,631,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BN. US Bancorp DE grew its stake in shares of Brookfield by 8.2% during the third quarter. US Bancorp DE now owns 40,350 shares of the company’s stock worth $2,145,000 after acquiring an additional 3,071 shares during the last quarter. NorthRock Partners LLC purchased a new stake in Brookfield during the 3rd quarter worth approximately $217,000. Concurrent Investment Advisors LLC acquired a new position in Brookfield during the 3rd quarter valued at approximately $246,000. Malaga Cove Capital LLC acquired a new position in Brookfield during the 3rd quarter valued at approximately $202,000. Finally, Leavell Investment Management Inc. raised its holdings in shares of Brookfield by 373.2% in the third quarter. Leavell Investment Management Inc. now owns 35,118 shares of the company’s stock worth $1,867,000 after buying an additional 27,696 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Stock Down 5.2 %

Brookfield stock opened at $52.34 on Friday. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.78. The firm has a market cap of $86.16 billion, a price-to-earnings ratio of 174.47 and a beta of 1.65. The business’s 50-day moving average price is $58.46 and its 200 day moving average price is $55.71. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40.

Brookfield (NYSE:BN) last issued its quarterly earnings data 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, sell-side analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.69%. Brookfield’s payout ratio is 120.00%.

Wall Street Analyst Weigh In

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

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.