New York State Common Retirement Fund Purchases Shares of 15,880 Brookfield Co. (NYSE:BN)

New York State Common Retirement Fund purchased a new stake in shares of Brookfield Co. (NYSE:BN) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 15,880 shares of the company’s stock, valued at approximately $912,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Personal Financial Services bought a new position in Brookfield during the 3rd quarter valued at approximately $42,000. FSA Wealth Management LLC bought a new position in Brookfield during the 3rd quarter valued at approximately $42,000. Prestige Wealth Management Group LLC raised its position in Brookfield by 137.0% during 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 bought a new position in Brookfield during the 3rd quarter valued at approximately $55,000. Finally, Pinnacle Bancorp Inc. raised its position in shares of Brookfield by 29.5% in the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after acquiring an additional 221 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. TD Securities increased 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. Scotiabank increased their target price on 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 reissued an “outperform” rating and issued a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Morgan Stanley started coverage on Brookfield in a research note on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price target on the stock. Finally, CIBC upped their price target on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Brookfield has an average rating of “Moderate Buy” and a consensus price target of $64.00.

Brookfield Stock Performance

Brookfield stock opened at $56.51 on Tuesday. The stock’s 50 day moving average is $58.59 and its 200 day moving average is $55.67. 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. The company has a market capitalization of $93.02 billion, a P/E ratio of 188.37 and a beta of 1.57.

Brookfield (NYSE:BN) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. On average, equities research analysts predict that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.64%. Brookfield’s payout ratio is 120.00%.

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.