Horizon Kinetics Asset Management LLC Purchases 161,891 Shares of Brookfield Co. (NYSE:BN)

Horizon Kinetics Asset Management LLC grew its position in Brookfield Co. (NYSE:BN) by 15.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,218,597 shares of the company’s stock after buying an additional 161,891 shares during the quarter. Brookfield accounts for approximately 0.9% of Horizon Kinetics Asset Management LLC’s investment portfolio, making the stock its 13th biggest holding. Horizon Kinetics Asset Management LLC’s holdings in Brookfield were worth $70,008,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings 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 in the last quarter. PNC Financial Services Group Inc. raised its holdings in Brookfield by 5.7% during the third quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company’s stock worth $9,764,000 after acquiring an additional 9,915 shares in the last quarter. Geode Capital Management LLC raised its holdings in Brookfield by 10.9% during the third quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company’s stock worth $320,670,000 after acquiring an additional 591,757 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Brookfield by 10.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company’s stock worth $189,507,000 after acquiring an additional 351,231 shares in the last quarter. Finally, Partners Group Holding AG raised its holdings in Brookfield by 53.5% during the third quarter. Partners Group Holding AG now owns 409,303 shares of the company’s stock worth $21,754,000 after acquiring an additional 142,603 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

Brookfield Stock Up 3.7 %

Shares of BN opened at $50.42 on Monday. 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 $82.99 billion, a price-to-earnings ratio of 168.06 and a beta of 1.65. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21. The stock has a fifty day moving average of $57.49 and a 200-day moving average of $55.88.

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

Brookfield Announces Dividend

The company also recently declared 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 of this dividend is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.71%. Brookfield’s dividend payout ratio (DPR) is currently 120.00%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BN. TD Securities upped 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. Morgan Stanley started coverage on Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price on the stock. CIBC boosted their price target on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday, January 23rd. Finally, Scotiabank boosted their price target on Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Brookfield presently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

Brookfield Company 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.