TBH Global Asset Management LLC Makes New Investment in Brookfield Co. (NYSE:BN)

TBH Global Asset Management LLC acquired a new stake in Brookfield Co. (NYSE:BN) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 11,593 shares of the company’s stock, valued at approximately $666,000.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in Brookfield by 178.4% in the third quarter. Blue Trust Inc. now owns 1,963 shares of the company’s stock worth $104,000 after purchasing an additional 1,258 shares during the period. Signaturefd LLC boosted its position in shares of Brookfield by 116.3% during the 3rd quarter. Signaturefd LLC now owns 5,558 shares of the company’s stock worth $295,000 after purchasing an additional 2,988 shares in the last quarter. Greenleaf Trust acquired a new stake in shares of Brookfield in the 3rd quarter valued at about $331,000. International Assets Investment Management LLC acquired a new position in Brookfield during the 3rd quarter worth approximately $23,840,000. Finally, Grimes & Company Inc. acquired a new stake in Brookfield in the third quarter valued at approximately $409,000. Institutional investors own 61.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. TD Securities upped their price objective on shares of Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 price objective (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Morgan Stanley assumed coverage on Brookfield in a research report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price on the stock. CIBC raised their price objective on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday, January 23rd. Finally, Scotiabank upped their target price on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 3rd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Brookfield currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

Brookfield Price Performance

BN opened at $60.53 on Thursday. Brookfield Co. has a fifty-two week low of $38.18 and a fifty-two week high of $62.78. The firm has a 50-day moving average of $58.53 and a 200 day moving average of $54.86. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21. The firm has a market cap of $99.64 billion, a P/E ratio of 201.76 and a beta of 1.57.

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 expect that Brookfield Co. will post 3.9 EPS for the current year.

Brookfield Announces Dividend

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 given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.59%. Brookfield’s dividend payout ratio is presently 106.67%.

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.