Brookfield Co. (NYSE:BN) Shares Purchased by LPL Financial LLC

LPL Financial LLC boosted its holdings in shares of Brookfield Co. (NYSE:BN) by 28.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,236 shares of the company’s stock after acquiring an additional 50,012 shares during the period. LPL Financial LLC’s holdings in Brookfield were worth $12,940,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Pittenger & Anderson Inc. grew its holdings in Brookfield by 14.9% in the 4th quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company’s stock valued at $90,000 after buying an additional 203 shares in the last quarter. Pinnacle Bancorp Inc. increased its position in Brookfield by 29.5% during the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after purchasing an additional 221 shares during the last quarter. Citizens Financial Group Inc. RI raised its stake in Brookfield by 5.8% during the fourth quarter. Citizens Financial Group Inc. RI now owns 4,350 shares of the company’s stock worth $250,000 after purchasing an additional 240 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in Brookfield by 10.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company’s stock valued at $148,000 after purchasing an additional 245 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of Brookfield by 2.7% in the 4th quarter. Fisher Asset Management LLC now owns 9,873 shares of the company’s stock valued at $567,000 after buying an additional 255 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on BN shares. Morgan Stanley began coverage on shares of Brookfield in a research report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price target on the stock. TD Securities increased their target price on shares of Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. 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. Finally, CIBC boosted their target price on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Brookfield has a consensus rating of “Moderate Buy” and an average price target of $64.00.

Brookfield Stock Up 1.1 %

Brookfield stock opened at $54.38 on Thursday. The firm has a market capitalization of $89.55 billion, a P/E ratio of 181.27 and a beta of 1.65. 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 Co. has a twelve month low of $38.18 and a twelve month high of $62.78. The stock’s fifty day simple moving average is $56.51 and its 200-day simple moving average is $56.31.

Brookfield (NYSE:BN) last posted its quarterly earnings results 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 return on equity of 3.93% and a net margin of 0.75%. As a group, equities analysts expect that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.66%. The ex-dividend date was Friday, March 14th. Brookfield’s dividend payout ratio (DPR) is presently 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.