Brookfield Co. (NYSE:BN) is Mufg Securities Canada LTD.’s 7th Largest Position

Mufg Securities Canada LTD. increased its holdings in Brookfield Co. (NYSE:BN) by 71.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,189,967 shares of the company’s stock after buying an additional 912,034 shares during the period. Brookfield comprises approximately 4.5% of Mufg Securities Canada LTD.’s investment portfolio, making the stock its 7th biggest holding. Mufg Securities Canada LTD. owned about 0.13% of Brookfield worth $125,789,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Compass Planning Associates Inc bought a new stake in Brookfield during the fourth quarter valued at about $30,000. FSA Wealth Management LLC purchased a new position in shares of Brookfield in the 3rd quarter worth approximately $42,000. Prestige Wealth Management Group LLC raised its stake in shares of Brookfield by 137.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after acquiring an additional 500 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Brookfield during the fourth quarter valued at approximately $48,000. Finally, Continuum Advisory LLC acquired a new stake in Brookfield in the third quarter valued at approximately $55,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

BN has been the subject of a number of recent analyst reports. CIBC raised their price objective on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday, January 23rd. Morgan Stanley started coverage on shares of Brookfield in a research report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price objective for the company. Scotiabank upped their price target on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research note on Monday, February 3rd. Finally, TD Securities lifted their price objective on shares of Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Brookfield currently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

Brookfield Stock Performance

BN opened at $55.37 on Wednesday. The firm’s fifty day simple moving average is $57.08 and its two-hundred day simple moving average is $56.15. Brookfield Co. has a 52-week low of $38.18 and a 52-week high of $62.78. The company has a market cap of $91.18 billion, a price-to-earnings ratio of 184.57 and a beta of 1.65. 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 posted its quarterly earnings data 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 return on equity of 3.93% and a net margin of 0.75%. Equities analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Friday, March 14th. Brookfield’s dividend payout ratio (DPR) 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.