Next Capital Management LLC Takes Position in Brookfield Co. (NYSE:BN)

Next Capital Management LLC purchased a new position in shares of Brookfield Co. (NYSE:BN) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 10,534 shares of the company’s stock, valued at approximately $605,000.

A number of other institutional investors also recently modified their holdings of BN. Compass Planning Associates Inc bought a new position in Brookfield in the 4th quarter worth approximately $30,000. FSA Wealth Management LLC bought a new stake in shares of Brookfield during the 3rd quarter valued at $42,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Brookfield in the 4th quarter worth about $48,000. Prestige Wealth Management Group LLC increased its position in shares of Brookfield by 137.0% during the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after acquiring an additional 500 shares in the last quarter. Finally, Promus Capital LLC bought a new stake in shares of Brookfield in the 4th quarter worth $55,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Trading Up 0.8 %

Shares of NYSE:BN opened at $52.19 on Wednesday. Brookfield Co. has a 12-month low of $38.18 and a 12-month high of $62.78. The company has a market cap of $85.90 billion, a PE ratio of 173.96 and a beta of 1.65. The stock has a 50 day moving average of $57.28 and a 200 day moving average of $55.91. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40.

Brookfield (NYSE:BN) last announced 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 research analysts expect that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 annualized dividend and a dividend yield of 0.69%. Brookfield’s payout ratio is 120.00%.

Analysts Set New Price Targets

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

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.