Guardian Partners Inc. Acquires Shares of 280,639 Brookfield Co. (NYSE:BN)

Guardian Partners Inc. acquired a new stake in shares of Brookfield Co. (NYSE:BN) during the fourth quarter, Holdings Channel reports. The firm acquired 280,639 shares of the company’s stock, valued at approximately $16,387,000. Brookfield accounts for approximately 1.7% of Guardian Partners Inc.’s holdings, making the stock its 14th largest position.

A number of other institutional investors also recently added to or reduced their stakes in BN. Compass Planning Associates Inc acquired a new stake in Brookfield during the fourth quarter valued at approximately $30,000. FSA Wealth Management LLC bought a new position in shares of Brookfield in the third quarter valued at approximately $42,000. Prestige Wealth Management Group LLC raised its stake in shares of Brookfield by 137.0% in the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after acquiring an additional 500 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Brookfield in the fourth quarter valued at approximately $48,000. Finally, Continuum Advisory LLC bought a new position in shares of Brookfield in the third quarter valued at approximately $55,000. 61.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BN shares. TD Securities lifted their target price on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Scotiabank lifted their target price on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research note on Monday, February 3rd. Morgan Stanley started coverage on shares of Brookfield in a research note on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 target price for the company. Finally, CIBC lifted their target price on shares of Brookfield from $68.00 to $70.00 and gave the company 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

Brookfield Stock Performance

BN stock opened at $53.65 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The company has a 50 day moving average price of $57.07 and a 200 day moving average price of $55.96. Brookfield Co. has a fifty-two week low of $38.18 and a fifty-two week high of $62.78. The stock has a market capitalization of $88.34 billion, a PE ratio of 178.83 and a beta of 1.65.

Brookfield (NYSE:BN) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share 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%. Analysts forecast that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 dividend yield of 0.67%. The ex-dividend date is Friday, March 14th. Brookfield’s payout ratio is 120.00%.

Brookfield 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.