Brookfield Co. (NYSE:BN) Stock Position Boosted by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC grew its stake in shares of Brookfield Co. (NYSE:BN) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 309,257 shares of the company’s stock after buying an additional 7,772 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Brookfield were worth $17,757,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Haverford Trust Co raised its holdings in Brookfield by 4.7% during the fourth quarter. Haverford Trust Co now owns 4,308 shares of the company’s stock worth $247,000 after purchasing an additional 192 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake 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 worth $955,000 after buying an additional 197 shares in the last quarter. Pittenger & Anderson Inc. grew its holdings in Brookfield by 14.9% during the fourth quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company’s stock worth $90,000 after acquiring an additional 203 shares during the period. Pinnacle Bancorp Inc. boosted its position in shares of Brookfield by 29.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock valued at $56,000 after purchasing an additional 221 shares in the last quarter. Finally, Citizens Financial Group Inc. RI raised its holdings in shares of Brookfield by 5.8% in the 4th quarter. Citizens Financial Group Inc. RI now owns 4,350 shares of the company’s stock worth $250,000 after purchasing an additional 240 shares in the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Trading Down 4.4 %

Shares of NYSE BN opened at $51.77 on Monday. 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 one year low of $38.18 and a one year high of $62.78. The business has a 50-day moving average price of $56.83 and a two-hundred day moving average price of $56.27. The firm has a market capitalization of $85.25 billion, a PE ratio of 172.57 and a beta of 1.65.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.01 EPS 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%. As a group, analysts predict that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Friday, March 14th. Brookfield’s dividend payout ratio is currently 120.00%.

Analysts Set New Price Targets

Several research analysts have issued reports on BN shares. Scotiabank lifted their price target on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 3rd. CIBC upped 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. TD Securities lifted their price target on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, Morgan Stanley started coverage on shares of Brookfield in a research note on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective for the company. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus 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.