Asset Management Advisors LLC Has $12.94 Million Position in Brookfield Co. (NYSE:BN)

Asset Management Advisors LLC grew its stake in shares of Brookfield Co. (NYSE:BN) by 1.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 225,273 shares of the company’s stock after acquiring an additional 2,798 shares during the quarter. Brookfield comprises about 9.4% of Asset Management Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Asset Management Advisors LLC’s holdings in Brookfield were worth $12,942,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company increased its holdings in Brookfield by 31.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock worth $623,783,000 after purchasing an additional 2,818,716 shares in the last quarter. EdgePoint Investment Group Inc. grew its stake in Brookfield by 1.7% during the third quarter. EdgePoint Investment Group Inc. now owns 11,512,817 shares of the company’s stock worth $611,383,000 after purchasing an additional 196,790 shares during the period. Toronto Dominion Bank grew its stake in Brookfield by 23.4% during the third quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock worth $364,152,000 after purchasing an additional 1,301,072 shares during the period. Geode Capital Management LLC grew its stake in Brookfield by 10.9% during the third quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company’s stock worth $320,670,000 after purchasing an additional 591,757 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Brookfield by 10.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company’s stock worth $189,507,000 after acquiring an additional 351,231 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BN has been the topic of several recent research reports. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 price target (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. Scotiabank increased their price target on Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research report on Friday, November 15th. Morgan Stanley began coverage on Brookfield in a research report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price target for the company. Finally, CIBC increased their price target on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $60.06.

Brookfield Stock Performance

NYSE:BN opened at $61.20 on Monday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. The business has a fifty day simple moving average of $58.68 and a two-hundred day simple moving average of $53.73. Brookfield Co. has a 1 year low of $38.18 and a 1 year high of $62.78. The company has a market capitalization of $100.73 billion, a P/E ratio of 130.22 and a beta of 1.57.

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Monday, December 16th. Brookfield’s dividend payout ratio (DPR) is presently 68.09%.

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.