Intrust Bank NA Acquires 972 Shares of Brookfield Co. (NYSE:BN)

Intrust Bank NA increased its holdings in Brookfield Co. (NYSE:BN) by 14.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,641 shares of the company’s stock after buying an additional 972 shares during the period. Intrust Bank NA’s holdings in Brookfield were worth $439,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Compass Planning Associates Inc acquired a new stake in Brookfield during the fourth quarter worth about $30,000. FSA Wealth Management LLC acquired a new stake in shares of Brookfield during the 3rd quarter worth approximately $42,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Brookfield in the fourth quarter valued at approximately $48,000. Prestige Wealth Management Group LLC raised its position in Brookfield by 137.0% during the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after purchasing an additional 500 shares in the last quarter. Finally, Promus Capital LLC bought a new stake in Brookfield during the fourth quarter worth $55,000. 61.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. TD Securities boosted their price target on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Morgan Stanley started coverage on Brookfield in a research note on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price for the company. CIBC raised their price target on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday, January 23rd. Finally, Scotiabank upped their price objective 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. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

Brookfield Trading Down 4.4 %

BN opened at $51.77 on Monday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. Brookfield Co. has a fifty-two week low of $38.18 and a fifty-two week high of $62.78. The company’s 50 day moving average price is $56.83 and its two-hundred day moving average price is $56.27. The firm has a market capitalization of $85.25 billion, a price-to-earnings ratio of 172.57 and a beta of 1.65.

Brookfield (NYSE:BN) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share 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, research analysts predict that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

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

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.