Brookfield Co. (NYSE:BN) Stock Position Raised by Providence Capital Advisors LLC

Providence Capital Advisors LLC grew its stake in shares of Brookfield Co. (NYSE:BN) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 140,334 shares of the company’s stock after purchasing an additional 1,145 shares during the period. Brookfield comprises about 1.6% of Providence Capital Advisors LLC’s holdings, making the stock its 11th biggest holding. Providence Capital Advisors LLC’s holdings in Brookfield were worth $8,062,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in Brookfield in the 4th quarter worth approximately $973,591,000. Blair William & Co. IL boosted its position in shares of Brookfield by 4.8% in the fourth quarter. Blair William & Co. IL now owns 114,740 shares of the company’s stock worth $6,592,000 after buying an additional 5,223 shares during the period. Korea Investment CORP boosted its position in shares of Brookfield by 28.9% in the fourth quarter. Korea Investment CORP now owns 960,214 shares of the company’s stock worth $55,161,000 after buying an additional 215,140 shares during the period. Mufg Securities Canada LTD. raised its position in Brookfield by 71.4% during the fourth quarter. Mufg Securities Canada LTD. now owns 2,189,967 shares of the company’s stock valued at $125,789,000 after buying an additional 912,034 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in Brookfield by 1.4% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 487,865 shares of the company’s stock valued at $28,028,000 after buying an additional 6,620 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Performance

BN stock opened at $54.13 on Friday. The firm has a 50 day moving average of $56.96 and a two-hundred day moving average of $56.12. Brookfield Co. has a 12 month low of $38.18 and a 12 month high of $62.78. The company has a market capitalization of $89.13 billion, a price-to-earnings ratio of 180.42 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 issued its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts anticipate that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Friday, March 14th. Brookfield’s dividend payout ratio is 120.00%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BN. Morgan Stanley initiated coverage on Brookfield in a research note on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price on the stock. TD Securities boosted their price objective on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Scotiabank increased their target price on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 3rd. Finally, CIBC boosted their price target on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a 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 stock. Based on data from MarketBeat.com, Brookfield has a consensus rating of “Moderate Buy” and an average price target 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.