5,558 Shares in Brookfield Co. (NYSE:BN) Purchased by Allianz SE

Allianz SE purchased a new stake in shares of Brookfield Co. (NYSE:BN) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,558 shares of the company’s stock, valued at approximately $319,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Intrust Bank NA raised its position in Brookfield by 14.6% in the fourth quarter. Intrust Bank NA now owns 7,641 shares of the company’s stock valued at $439,000 after purchasing an additional 972 shares during the period. Brown Brothers Harriman & Co. grew its stake in shares of Brookfield by 1.1% in the fourth quarter. Brown Brothers Harriman & Co. now owns 36,899 shares of the company’s stock valued at $2,120,000 after buying an additional 400 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in shares of Brookfield by 1.2% in the 4th quarter. Orion Portfolio Solutions LLC now owns 16,616 shares of the company’s stock valued at $955,000 after buying an additional 197 shares during the period. Pictet Asset Management Holding SA boosted its holdings in Brookfield by 29.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 726,288 shares of the company’s stock valued at $41,723,000 after acquiring an additional 163,789 shares during the period. Finally, Providence Capital Advisors LLC increased its stake in Brookfield by 0.8% during the fourth quarter. Providence Capital Advisors LLC now owns 140,334 shares of the company’s stock worth $8,062,000 after purchasing an additional 1,145 shares during the period. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Stock Performance

Shares of BN opened at $51.77 on Monday. Brookfield Co. has a 12-month low of $38.18 and a 12-month high of $62.78. The firm has a market cap of $85.25 billion, a PE ratio of 172.57 and a beta of 1.65. The company’s 50 day simple moving average is $56.83 and its 200-day simple moving average is $56.27. 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 (NYSE:BN) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.01 EPS 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, equities analysts predict that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Announces Dividend

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 yield of 0.70%. The ex-dividend date is Friday, March 14th. Brookfield’s payout ratio is 120.00%.

Analyst Upgrades and Downgrades

BN has been the subject of several research reports. 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. 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. Scotiabank lifted their price target on Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a report on Monday, February 3rd. Finally, Morgan Stanley initiated coverage on Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price objective on the stock. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Brookfield presently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

About Brookfield

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.