Rhumbline Advisers Has $365,000 Holdings in Brookfield Co. (NYSE:BN)

Rhumbline Advisers decreased its stake in shares of Brookfield Co. (NYSE:BN) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,355 shares of the company’s stock after selling 241 shares during the quarter. Rhumbline Advisers’ holdings in Brookfield were worth $365,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Concurrent Investment Advisors LLC acquired a new position in shares of Brookfield during the third quarter worth approximately $246,000. Leavell Investment Management Inc. increased its position in shares of Brookfield by 373.2% during the third quarter. Leavell Investment Management Inc. now owns 35,118 shares of the company’s stock worth $1,867,000 after acquiring an additional 27,696 shares in the last quarter. First Personal Financial Services acquired a new stake in shares of Brookfield in the 3rd quarter worth about $42,000. Legacy Capital Wealth Partners LLC lifted its position in Brookfield by 72.0% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 13,682 shares of the company’s stock valued at $727,000 after acquiring an additional 5,727 shares in the last quarter. Finally, Axxcess Wealth Management LLC boosted its stake in Brookfield by 60.8% during the 3rd quarter. Axxcess Wealth Management LLC now owns 9,429 shares of the company’s stock valued at $501,000 after purchasing an additional 3,564 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. TD Securities raised 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. Morgan Stanley assumed coverage on Brookfield in a research note on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective on the stock. CIBC upped their target price on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. Scotiabank raised their price target on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research report on Monday, February 3rd. Finally, BMO Capital Markets restated an “outperform” rating and set a $62.00 price target (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

Brookfield Stock Performance

NYSE BN opened at $52.10 on Monday. The company has a market capitalization of $85.76 billion, a PE ratio of 173.66 and a beta of 1.65. 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 Co. has a 52-week low of $38.18 and a 52-week high of $62.78. The company has a 50-day simple moving average of $58.25 and a 200 day simple moving average of $55.85.

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

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.69%. The ex-dividend date is Friday, March 14th. Brookfield’s dividend payout ratio (DPR) 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.