Brookfield Co. (NYSE:BN) Stake Boosted by Williams Jones Wealth Management LLC.

Williams Jones Wealth Management LLC. raised its holdings in shares of Brookfield Co. (NYSE:BN) by 1.6% in the 4th quarter, Holdings Channel reports. The firm owned 62,580 shares of the company’s stock after purchasing an additional 1,007 shares during the quarter. Williams Jones Wealth Management LLC.’s holdings in Brookfield were worth $3,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of BN. Zurich Insurance Group Ltd FI boosted its position in Brookfield by 25.2% during the 4th quarter. Zurich Insurance Group Ltd FI now owns 916,698 shares of the company’s stock valued at $52,638,000 after purchasing an additional 184,371 shares during the period. Vident Advisory LLC lifted its stake in Brookfield by 35.9% in the fourth quarter. Vident Advisory LLC now owns 5,404 shares of the company’s stock valued at $310,000 after buying an additional 1,428 shares during the last quarter. Tidal Investments LLC bought a new stake in Brookfield in the fourth quarter valued at $326,000. Strategic Wealth Partners Ltd. boosted its holdings in shares of Brookfield by 1.7% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 10,229 shares of the company’s stock valued at $618,000 after acquiring an additional 170 shares during the period. Finally, Quantinno Capital Management LP grew its position in shares of Brookfield by 67.1% during the fourth quarter. Quantinno Capital Management LP now owns 44,759 shares of the company’s stock worth $2,572,000 after acquiring an additional 17,976 shares during the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Stock Performance

BN opened at $59.03 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. The firm has a market cap of $97.25 billion, a PE ratio of 196.77 and a beta of 1.64. The business has a fifty day simple moving average of $52.85 and a 200-day simple moving average of $56.15. Brookfield Co. has a fifty-two week low of $39.97 and a fifty-two week high of $62.78.

Brookfield (NYSE:BN) last released its earnings results on Thursday, May 8th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.08. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. As a group, equities analysts predict that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.36 dividend on an annualized basis and a yield of 0.61%. Brookfield’s payout ratio is presently 128.57%.

Analyst Upgrades and Downgrades

BN has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price objective on shares of Brookfield from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. TD Securities dropped their price target on shares of Brookfield from $77.00 to $74.00 and set a “buy” rating on the stock in a research note on Monday, May 5th. Scotiabank cut their price target on Brookfield from $71.00 to $68.00 and set a “sector outperform” rating on the stock in a report on Monday, April 7th. CIBC decreased their price objective on Brookfield from $74.00 to $72.00 and set an “outperformer” rating for the company in a report on Friday, May 9th. Finally, Morgan Stanley lowered their target price on Brookfield from $83.00 to $61.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

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.