Emeth Value Capital LLC Makes New Investment in Brookfield Co. (NYSE:BN)

Emeth Value Capital LLC purchased a new position in shares of Brookfield Co. (NYSE:BN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 400,373 shares of the company’s stock, valued at approximately $23,001,000. Brookfield accounts for approximately 18.5% of Emeth Value Capital LLC’s investment portfolio, making the stock its 3rd biggest holding.

A number of other large investors also recently made changes to their positions in BN. The Manufacturers Life Insurance Company increased its holdings in shares of Brookfield by 31.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock worth $623,783,000 after buying an additional 2,818,716 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of Brookfield by 23.4% during the 3rd quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock worth $364,152,000 after buying an additional 1,301,072 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Brookfield by 4,149.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 776,346 shares of the company’s stock worth $41,263,000 after buying an additional 758,076 shares during the last quarter. Bamco Inc. NY increased its holdings in shares of Brookfield by 62.6% during the 3rd quarter. Bamco Inc. NY now owns 1,949,472 shares of the company’s stock worth $103,614,000 after buying an additional 750,726 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in shares of Brookfield during the 3rd quarter worth $38,935,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Performance

NYSE:BN opened at $60.49 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. The firm has a 50-day moving average of $58.53 and a two-hundred day moving average of $53.47. The stock has a market cap of $99.55 billion, a P/E ratio of 128.69 and a beta of 1.56. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.44.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.53%. Brookfield’s payout ratio is 68.09%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BN shares. CIBC upped their price objective on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a report on Thursday, January 23rd. Scotiabank upped their price objective on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a report on Friday, November 15th. Morgan Stanley started coverage on Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price target for the company. Finally, BMO Capital Markets reiterated 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. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $60.06.

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.