Korea Investment CORP Purchases 215,140 Shares of Brookfield Co. (NYSE:BN)

Korea Investment CORP boosted its position in Brookfield Co. (NYSE:BN) by 28.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 960,214 shares of the company’s stock after purchasing an additional 215,140 shares during the quarter. Korea Investment CORP owned about 0.06% of Brookfield worth $55,161,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Compass Planning Associates Inc bought a new stake in shares of Brookfield in the fourth quarter valued at about $30,000. FSA Wealth Management LLC bought a new stake in Brookfield in the 3rd quarter valued at about $42,000. Prestige Wealth Management Group LLC grew its position in shares of Brookfield by 137.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after purchasing an additional 500 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Brookfield during the 4th quarter worth approximately $48,000. Finally, Continuum Advisory LLC acquired a new stake in shares of Brookfield in the third quarter valued at approximately $55,000. 61.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Brookfield Price Performance

Shares of BN stock opened at $54.13 on Friday. The business has a fifty day simple moving average of $56.96 and a 200 day simple moving average of $56.12. The company has a market cap of $89.13 billion, a P/E 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 Co. has a twelve month low of $38.18 and a twelve month high of $62.78.

Brookfield (NYSE:BN) last posted its earnings results 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 net margin of 0.75% and a return on equity of 3.93%. On average, sell-side analysts forecast that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Dividend Announcement

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