Brookfield Co. (NYSE:BN) Shares Purchased by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of Brookfield Co. (NYSE:BN) by 17.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 412,138 shares of the company’s stock after acquiring an additional 61,182 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Brookfield were worth $23,677,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BN. Compass Planning Associates Inc purchased a new position in shares of Brookfield during the 4th quarter worth approximately $30,000. Prestige Wealth Management Group LLC lifted its stake in Brookfield by 137.0% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after buying an additional 500 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Brookfield during the 4th quarter valued at $48,000. Continuum Advisory LLC purchased a new position in Brookfield during the third quarter worth $55,000. Finally, Promus Capital LLC acquired a new stake in shares of Brookfield during the fourth quarter valued at $55,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on BN. Morgan Stanley began coverage on shares of Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 target price on the stock. TD Securities lifted their target price 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. Scotiabank raised 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. Finally, CIBC increased their target price on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $64.00.

Brookfield Stock Performance

Brookfield stock opened at $46.23 on Friday. The company has a market cap of $76.13 billion, a price-to-earnings ratio of 154.12 and a beta of 1.60. Brookfield Co. has a 12 month low of $38.18 and a 12 month high of $62.78. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The stock’s 50-day moving average is $56.03 and its 200-day moving average is $56.28.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share 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 earnings per share for the current year.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Friday, March 14th. Brookfield’s dividend payout ratio is presently 120.00%.

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.