5,931 Shares in Brookfield Co. (NYSE:BN) Bought by Van ECK Associates Corp

Van ECK Associates Corp purchased a new stake in Brookfield Co. (NYSE:BN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,931 shares of the company’s stock, valued at approximately $341,000.

Several other institutional investors and hedge funds have also made changes to their positions in BN. First Personal Financial Services acquired a new position in Brookfield in the 3rd quarter valued at about $42,000. FSA Wealth Management LLC acquired a new position in Brookfield in the 3rd quarter valued at about $42,000. Prestige Wealth Management Group LLC raised its stake 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 purchasing an additional 500 shares during the last quarter. Continuum Advisory LLC acquired a new position in shares of Brookfield during the 3rd quarter valued at about $55,000. Finally, Pinnacle Bancorp Inc. increased its stake in shares of Brookfield by 29.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock valued at $56,000 after acquiring an additional 221 shares during the last quarter. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Trading Down 2.3 %

Shares of BN stock opened at $58.68 on Friday. The stock’s fifty day moving average price is $58.54 and its two-hundred day moving average price is $55.07. The company has a market cap of $96.59 billion, a PE ratio of 195.60 and a beta of 1.57. Brookfield Co. has a fifty-two week low of $38.18 and a fifty-two week high of $62.78. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, beating 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%. Equities analysts predict that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s dividend payout ratio is currently 106.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BN shares. CIBC upped their price target on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a report on Thursday, January 23rd. TD Securities raised 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. BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Scotiabank increased their price objective on Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 3rd. Finally, Morgan Stanley initiated coverage on Brookfield in a research note on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price target for the company. One 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 a consensus target price of $64.00.

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.