Vestmark Advisory Solutions Inc. Purchases 5,677 Shares of Brookfield Co. (NYSE:BN)

Vestmark Advisory Solutions Inc. lifted its position in shares of Brookfield Co. (NYSE:BN) by 89.3% during the fourth quarter, Holdings Channel reports. The firm owned 12,035 shares of the company’s stock after acquiring an additional 5,677 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Brookfield were worth $691,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Concurrent Investment Advisors LLC bought a new stake in Brookfield in the third quarter worth about $246,000. Leavell Investment Management Inc. raised its position in 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 acquiring an additional 27,696 shares during the period. First Personal Financial Services bought a new stake in Brookfield in the third quarter worth about $42,000. Legacy Capital Wealth Partners LLC raised its position in Brookfield by 72.0% in the third quarter. Legacy Capital Wealth Partners LLC now owns 13,682 shares of the company’s stock worth $727,000 after acquiring an additional 5,727 shares during the period. Finally, Axxcess Wealth Management LLC raised its position in Brookfield by 60.8% in the third quarter. Axxcess Wealth Management LLC now owns 9,429 shares of the company’s stock worth $501,000 after acquiring an additional 3,564 shares during the period. 61.60% of the stock is owned by institutional investors.

Brookfield Price Performance

BN opened at $52.10 on Friday. The firm has a 50-day moving average price of $58.25 and a 200-day moving average price of $55.79. The company has a market capitalization of $85.76 billion, a price-to-earnings ratio of 173.66 and a beta of 1.65. Brookfield Co. has a twelve month low of $38.18 and a twelve month high of $62.78. 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, 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%. Equities analysts expect that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.69%. Brookfield’s dividend payout ratio is presently 120.00%.

Analysts Set New Price Targets

Several analysts have commented on the stock. 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 report on Tuesday, February 11th. CIBC lifted their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday, January 23rd. Morgan Stanley began coverage on shares of Brookfield in a research note on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 target price for the company. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. 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 research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock 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.