Brookfield Co. (NYSE:BN) Stock Holdings Boosted by Plato Investment Management Ltd

Plato Investment Management Ltd raised its position in shares of Brookfield Co. (NYSE:BN) by 162.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,469 shares of the company’s stock after purchasing an additional 13,280 shares during the quarter. Plato Investment Management Ltd’s holdings in Brookfield were worth $1,238,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BN. Compass Planning Associates Inc bought a new stake in shares of Brookfield during the 4th quarter worth $30,000. First Personal Financial Services bought a new stake in shares of Brookfield during the 3rd quarter worth $42,000. FSA Wealth Management LLC bought a new stake in shares of Brookfield during the 3rd quarter worth $42,000. Prestige Wealth Management Group LLC boosted its stake in shares of Brookfield by 137.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after acquiring an additional 500 shares in the last quarter. Finally, Continuum Advisory LLC bought a new stake in shares of Brookfield during the 3rd quarter worth $55,000. 61.60% of the stock is owned by institutional investors.

Brookfield Price Performance

Shares of NYSE:BN opened at $56.51 on Tuesday. 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 1 year low of $38.18 and a 1 year high of $62.78. The business has a fifty day simple moving average of $58.59 and a 200 day simple moving average of $55.67. The firm has a market cap of $93.02 billion, a price-to-earnings ratio of 188.37 and a beta of 1.57.

Brookfield (NYSE:BN) last announced its quarterly earnings data 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 return on equity of 3.93% and a net margin of 0.75%. As a group, sell-side analysts predict that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

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 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 dividend payout ratio is 120.00%.

Analyst Ratings Changes

BN has been the subject of several research reports. BMO Capital Markets reissued an “outperform” rating and set 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 report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 target price for the company. Scotiabank increased their target price on Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a report on Monday, February 3rd. CIBC increased their target price on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd. Finally, TD Securities increased 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. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $64.00.

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.