Mitsubishi UFJ Trust & Banking Corp Buys 6,620 Shares of Brookfield Co. (NYSE:BN)

Mitsubishi UFJ Trust & Banking Corp raised its stake in Brookfield Co. (NYSE:BN) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 487,865 shares of the company’s stock after acquiring an additional 6,620 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Brookfield were worth $28,028,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Brookfield by 131.9% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company’s stock valued at $24,594,000 after purchasing an additional 263,375 shares during the last quarter. Geode Capital Management LLC grew its holdings in Brookfield by 10.9% in the 3rd quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company’s stock valued at $320,670,000 after buying an additional 591,757 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Brookfield during the 3rd quarter worth $6,485,000. Forsta AP Fonden lifted its holdings in shares of Brookfield by 4.9% during the fourth quarter. Forsta AP Fonden now owns 287,200 shares of the company’s stock worth $16,499,000 after buying an additional 13,300 shares in the last quarter. Finally, Chemistry Wealth Management LLC boosted its position in shares of Brookfield by 10.1% in the fourth quarter. Chemistry Wealth Management LLC now owns 252,597 shares of the company’s stock valued at $14,512,000 after acquiring an additional 23,159 shares during the period. 61.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on BN. CIBC lifted their price objective 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. Scotiabank lifted their price target on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research report on Monday, February 3rd. Morgan Stanley started coverage on Brookfield in a research report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price target on the stock. Finally, TD Securities lifted their price objective on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $64.00.

Brookfield Price Performance

Brookfield stock opened at $54.28 on Thursday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.78. The stock has a market capitalization of $89.37 billion, a P/E ratio of 180.92 and a beta of 1.65. The stock has a fifty day moving average of $57.03 and a 200-day moving average of $56.13.

Brookfield (NYSE:BN) last posted its earnings results 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%. On average, sell-side analysts expect that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The business 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 $0.09 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.66%. Brookfield’s dividend payout ratio is currently 120.00%.

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.