Brookfield Co. (NYSE:BN) is Jackson Hill Advisors LLC’s Largest Position

Jackson Hill Advisors LLC grew its position in shares of Brookfield Co. (NYSE:BN) by 5.8% during the fourth quarter, Holdings Channel reports. The fund owned 530,000 shares of the company’s stock after purchasing an additional 29,000 shares during the period. Brookfield makes up about 15.4% of Jackson Hill Advisors LLC’s holdings, making the stock its biggest holding. Jackson Hill Advisors LLC’s holdings in Brookfield were worth $30,448,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans purchased a new stake in Brookfield in the third quarter worth $223,000. Pathstone Holdings LLC raised its position in shares of Brookfield by 2.0% in the 3rd quarter. Pathstone Holdings LLC now owns 97,293 shares of the company’s stock worth $5,171,000 after purchasing an additional 1,929 shares during the last quarter. Caprock Group LLC boosted its stake in Brookfield by 2.5% in the 3rd quarter. Caprock Group LLC now owns 12,332 shares of the company’s stock worth $655,000 after purchasing an additional 300 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Brookfield by 5.7% during the 3rd 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. Finally, Citizens Financial Group Inc. RI bought a new stake in Brookfield during the 3rd quarter valued at about $218,000. Institutional investors own 61.60% of the company’s stock.

Analyst Ratings Changes

BN has been the subject of several analyst reports. TD Securities raised their price target 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. Morgan Stanley began coverage on Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 target price for the company. CIBC upped their price target on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd. Finally, Scotiabank lifted their price objective on Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a report on Monday, February 3rd. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

Brookfield Stock Down 0.2 %

Brookfield stock opened at $53.65 on Friday. The stock has a market cap of $88.34 billion, a PE ratio of 178.83 and a beta of 1.65. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21. The stock has a fifty day moving average of $57.07 and a 200 day moving average of $55.96. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78.

Brookfield (NYSE:BN) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share 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, sell-side analysts predict that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s payout ratio is 120.00%.

Brookfield 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.