Ilmarinen Mutual Pension Insurance Co Has $11.77 Million Stake in Brookfield Co. (NYSE:BN)

Ilmarinen Mutual Pension Insurance Co grew its stake in shares of Brookfield Co. (NYSE:BN) by 36.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 205,000 shares of the company’s stock after buying an additional 55,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Brookfield were worth $11,771,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Compass Planning Associates Inc acquired a new position in Brookfield in the 4th quarter valued at approximately $30,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Brookfield during the fourth quarter valued at approximately $48,000. Prestige Wealth Management Group LLC raised its stake in shares of Brookfield by 137.0% in the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after purchasing an additional 500 shares in the last quarter. Promus Capital LLC bought a new position in Brookfield in the fourth quarter worth $55,000. Finally, Continuum Advisory LLC acquired a new stake in Brookfield during the third quarter worth $55,000. Institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BN. Morgan Stanley started coverage on shares of Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective for the company. CIBC raised their price target on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. Scotiabank upped their price objective on Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research note on Monday, February 3rd. Finally, TD Securities raised their target price on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Brookfield presently has an average rating of “Moderate Buy” and an average target price of $64.00.

Brookfield Stock Down 8.2 %

Shares of BN opened at $46.23 on Friday. The company has a market capitalization of $76.13 billion, a P/E ratio of 154.12 and a beta of 1.60. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78. The business’s 50 day simple moving average is $56.03 and its 200-day simple moving average is $56.28. 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 data on Thursday, February 13th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. As a group, sell-side analysts predict that Brookfield Co. will post 3.85 EPS for the current fiscal 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 issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield’s dividend payout ratio is currently 120.00%.

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.