Ilmarinen Mutual Pension Insurance Co Has $11.77 Million Stock Position in Brookfield Co. (NYSE:BN)

Ilmarinen Mutual Pension Insurance Co increased its position in shares of Brookfield Co. (NYSE:BN) by 36.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 205,000 shares of the company’s stock after acquiring an additional 55,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Brookfield were worth $11,771,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in BN. Russell Investments Group Ltd. lifted its position in Brookfield by 24.1% during the 4th quarter. Russell Investments Group Ltd. now owns 727,020 shares of the company’s stock valued at $41,735,000 after purchasing an additional 141,040 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Brookfield by 8.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,948,797 shares of the company’s stock valued at $111,959,000 after buying an additional 159,685 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in Brookfield by 17.4% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 412,138 shares of the company’s stock valued at $23,677,000 after acquiring an additional 61,182 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Brookfield by 3.3% during the 4th quarter. Wells Fargo & Company MN now owns 2,950,587 shares of the company’s stock worth $169,502,000 after acquiring an additional 94,297 shares during the period. Finally, Prudential PLC increased its holdings in Brookfield by 29.2% in the fourth quarter. Prudential PLC now owns 11,756 shares of the company’s stock valued at $675,000 after purchasing an additional 2,660 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Trading Down 8.2 %

BN stock opened at $46.23 on Friday. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78. The stock has a market cap of $76.13 billion, a price-to-earnings ratio of 154.12 and a beta of 1.60. The company has a fifty day moving average price of $56.03 and a two-hundred day moving average price of $56.28. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, beating 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%. Equities analysts anticipate that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.09 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.78%. Brookfield’s dividend payout ratio (DPR) is presently 120.00%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Morgan Stanley began coverage on Brookfield in a research note on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective on the stock. TD Securities increased their price objective on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. CIBC boosted their target price on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a report on Thursday, January 23rd. Finally, Scotiabank increased 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. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Brookfield currently has an average rating of “Moderate Buy” and an average target price of $64.00.

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.