5,581 Shares in Brookfield Co. (NYSE:BN) Acquired by Guerra Pan Advisors LLC

Guerra Pan Advisors LLC purchased a new position in shares of Brookfield Co. (NYSE:BN) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 5,581 shares of the company’s stock, valued at approximately $321,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its holdings in Brookfield by 31.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock worth $623,783,000 after purchasing an additional 2,818,716 shares during the period. EdgePoint Investment Group Inc. increased its holdings in shares of Brookfield by 1.7% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 11,512,817 shares of the company’s stock valued at $611,383,000 after acquiring an additional 196,790 shares during the period. Toronto Dominion Bank increased its holdings in shares of Brookfield by 23.4% in the 3rd quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock valued at $364,152,000 after acquiring an additional 1,301,072 shares during the period. Geode Capital Management LLC increased its holdings in shares of Brookfield by 10.9% in the 3rd quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company’s stock valued at $320,670,000 after acquiring an additional 591,757 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Brookfield by 10.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company’s stock valued at $189,507,000 after acquiring an additional 351,231 shares during the period. 61.60% of the stock is owned by institutional investors.

Brookfield Stock Up 2.5 %

Brookfield stock opened at $61.09 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17. The business’s 50-day simple moving average is $58.30 and its two-hundred day simple moving average is $53.15. The company has a market cap of $100.54 billion, a PE ratio of 129.97 and a beta of 1.56. Brookfield Co. has a fifty-two week low of $38.18 and a fifty-two week high of $62.44.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 annualized dividend and a yield of 0.52%. Brookfield’s payout ratio is presently 68.09%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BN. Scotiabank lifted their price target on Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a report on Friday, November 15th. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 price target (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. Morgan Stanley initiated coverage on Brookfield in a research note on Thursday. They set an “overweight” rating and a $80.00 target price on the stock. Finally, CIBC boosted their target price on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.06.

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.