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

Grantham Mayo Van Otterloo & Co. LLC raised its position in Brookfield Co. (NYSE:BN) by 17.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of BN. Compass Planning Associates Inc acquired a new position in shares of Brookfield in the fourth quarter valued at approximately $30,000. Prestige Wealth Management Group LLC boosted its position 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 during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Brookfield in the 4th quarter valued at approximately $48,000. Continuum Advisory LLC acquired a new position in shares of Brookfield in the third quarter worth $55,000. Finally, Promus Capital LLC purchased a new stake in shares of Brookfield during the fourth quarter worth $55,000. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Scotiabank boosted 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. Morgan Stanley began coverage on Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price objective on the stock. 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, January 23rd. Finally, TD Securities upped their price target on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

Brookfield Stock Down 8.2 %

Brookfield stock opened at $46.23 on Friday. The stock’s 50 day moving average price is $56.03 and its 200 day moving average price is $56.28. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.78. The company has a market cap of $76.13 billion, a PE ratio of 154.12 and a beta of 1.60. 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 posted its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share 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%. On average, sell-side analysts predict that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Dividend Announcement

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

About Brookfield

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.