K.J. Harrison & Partners Inc Buys 6,235 Shares of Brookfield Co. (NYSE:BN)

K.J. Harrison & Partners Inc lifted its stake in shares of Brookfield Co. (NYSE:BN) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,379 shares of the company’s stock after acquiring an additional 6,235 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Brookfield were worth $4,276,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Compass Planning Associates Inc bought a new stake in shares of Brookfield during the 4th quarter valued at $30,000. First Personal Financial Services purchased a new stake in Brookfield in the 3rd quarter worth $42,000. FSA Wealth Management LLC bought a new stake in Brookfield during the third quarter valued at about $42,000. Prestige Wealth Management Group LLC lifted its position 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 in the last quarter. Finally, Continuum Advisory LLC bought a new position in shares of Brookfield in the third quarter worth about $55,000. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Trading Up 0.0 %

BN stock opened at $57.66 on Thursday. Brookfield Co. has a twelve month low of $38.18 and a twelve month high of $62.78. The stock has a market capitalization of $94.92 billion, a price-to-earnings ratio of 192.21 and a beta of 1.57. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. The firm’s fifty day simple moving average is $58.53 and its two-hundred day simple moving average is $55.36.

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 analysts’ consensus estimates of $0.88 by $0.13. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. As a group, analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

The firm 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. This represents a $0.36 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s payout ratio is currently 120.00%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 price target (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. Scotiabank boosted their target price on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a report on Monday, February 3rd. TD Securities raised 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. CIBC boosted their price target on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley started coverage on Brookfield in a research report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective for the company. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $64.00.

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.