Net Worth Advisory Group Acquires New Shares in Brookfield Co. (NYSE:BN)

Net Worth Advisory Group bought a new position in Brookfield Co. (NYSE:BN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,031 shares of the company’s stock, valued at approximately $232,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Concurrent Investment Advisors LLC bought a new position in Brookfield in the 3rd quarter worth about $246,000. Axxcess Wealth Management LLC increased its position in Brookfield by 60.8% in the 3rd quarter. Axxcess Wealth Management LLC now owns 9,429 shares of the company’s stock valued at $501,000 after acquiring an additional 3,564 shares during the period. Crossmark Global Holdings Inc. raised its stake in Brookfield by 11.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 54,059 shares of the company’s stock valued at $2,873,000 after acquiring an additional 5,392 shares in the last quarter. Venturi Wealth Management LLC boosted its position in Brookfield by 6.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 22,615 shares of the company’s stock worth $1,202,000 after acquiring an additional 1,355 shares during the period. Finally, Entropy Technologies LP bought a new position in shares of Brookfield in the third quarter worth $1,878,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Scotiabank lifted their price objective on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research note on Monday, February 3rd. BMO Capital Markets restated an “outperform” rating and set a $62.00 price target (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Morgan Stanley initiated coverage on shares of Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price objective for the company. TD Securities boosted their target price on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, CIBC increased their price target on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

Brookfield Trading Down 1.0 %

Brookfield stock opened at $49.85 on Wednesday. The firm has a market cap of $82.06 billion, a price-to-earnings ratio of 166.18 and a beta of 1.65. Brookfield Co. has a 1 year low of $38.18 and a 1 year high of $62.78. The firm’s 50 day moving average price is $57.96 and its two-hundred day moving average price is $55.88. 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 (NYSE:BN) last issued its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. On average, research analysts predict that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s dividend payout ratio is presently 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.