Vestmark Advisory Solutions Inc. Acquires 5,677 Shares of Brookfield Co. (NYSE:BN)

Vestmark Advisory Solutions Inc. grew its holdings in shares of Brookfield Co. (NYSE:BN) by 89.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,035 shares of the company’s stock after acquiring an additional 5,677 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Brookfield were worth $691,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Compass Planning Associates Inc acquired a new stake in shares of Brookfield during the fourth quarter worth $30,000. First Personal Financial Services acquired a new stake in shares of Brookfield during the third quarter worth $42,000. FSA Wealth Management LLC acquired a new stake in shares of Brookfield during the third quarter worth $42,000. 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 worth $46,000 after buying an additional 500 shares during the period. Finally, Continuum Advisory LLC acquired a new stake in shares of Brookfield during the third quarter worth $55,000. Institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. CIBC increased their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday, January 23rd. Scotiabank increased their price objective 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. BMO Capital Markets restated an “outperform” rating and issued a $62.00 price target (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. TD Securities raised their price target on shares of Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Morgan Stanley assumed coverage on shares of Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price target for the company. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Brookfield has a consensus rating of “Moderate Buy” and an average target price of $64.00.

Brookfield Stock Down 0.9 %

Shares of NYSE BN opened at $52.10 on Friday. The stock has a market capitalization of $85.76 billion, a P/E ratio of 173.66 and a beta of 1.65. The company has a 50-day moving average price of $58.25 and a 200-day moving average price of $55.79. Brookfield Co. has a 1 year low of $38.18 and a 1 year high of $62.78. 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 issued its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating 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, equities research analysts forecast that Brookfield Co. will post 3.85 EPS for the current fiscal 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 issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Friday, March 14th. 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.