Douglass Winthrop Advisors LLC Has $616,000 Stock Position in Brookfield Co. (NYSE:BN)

Douglass Winthrop Advisors LLC raised its stake in Brookfield Co. (NYSE:BN) by 149.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,724 shares of the company’s stock after buying an additional 6,425 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Brookfield were worth $616,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. HUB Investment Partners LLC acquired a new position in shares of Brookfield during the fourth quarter worth $689,000. Whittier Trust Co. lifted its holdings in shares of Brookfield by 107.3% during the fourth quarter. Whittier Trust Co. now owns 35,576 shares of the company’s stock worth $2,044,000 after purchasing an additional 18,415 shares during the period. Maestria Partners LLC acquired a new position in shares of Brookfield during the fourth quarter worth $29,818,000. Royal London Asset Management Ltd. lifted its holdings in shares of Brookfield by 0.7% during the fourth quarter. Royal London Asset Management Ltd. now owns 715,782 shares of the company’s stock worth $41,122,000 after purchasing an additional 4,731 shares during the period. Finally, Next Capital Management LLC acquired a new position in shares of Brookfield during the fourth quarter worth $605,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Trading Down 0.2 %

BN opened at $53.65 on Friday. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.78. 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 company has a market cap of $88.34 billion, a P/E ratio of 178.83 and a beta of 1.65. The company has a fifty day moving average price of $57.07 and a two-hundred day moving average price of $55.91.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, beating 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%. Analysts predict that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s payout ratio is presently 120.00%.

Analysts Set New Price Targets

BN has been the topic of a number of recent research reports. TD Securities lifted 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. Morgan Stanley initiated coverage on shares of Brookfield in a research note on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price for the company. CIBC lifted their target price on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. Finally, Scotiabank lifted 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. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average 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.