Bryn Mawr Capital Management LLC Has $1.52 Million Holdings in Brookfield Co. (NYSE:BN)

Bryn Mawr Capital Management LLC raised its position in Brookfield Co. (NYSE:BN) by 259.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 26,398 shares of the company’s stock after purchasing an additional 19,062 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Brookfield were worth $1,517,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. First Personal Financial Services bought a new stake in shares of Brookfield during the 3rd quarter valued at about $42,000. FSA Wealth Management LLC bought a new position in shares of Brookfield during the 3rd quarter worth approximately $42,000. Prestige Wealth Management Group LLC boosted its holdings in shares of Brookfield by 137.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after buying an additional 500 shares in the last quarter. Continuum Advisory LLC acquired a new stake in shares of Brookfield during the 3rd quarter worth approximately $55,000. Finally, Pinnacle Bancorp Inc. increased its stake in shares of Brookfield by 29.5% in the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock valued at $56,000 after acquiring an additional 221 shares in the last quarter. 61.60% of the stock is owned by institutional investors.

Brookfield Price Performance

BN stock opened at $60.00 on Friday. 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 business has a 50-day simple moving average of $58.54 and a two-hundred day simple moving average of $54.89. The company has a market capitalization of $98.76 billion, a P/E ratio of 199.99 and a beta of 1.57. Brookfield Co. has a 52-week low of $38.18 and a 52-week high of $62.78.

Brookfield (NYSE:BN) last announced its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. Research analysts expect that Brookfield Co. will post 3.9 EPS for the current fiscal year.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.09 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.60%. Brookfield’s payout ratio is 106.67%.

Analyst Upgrades and Downgrades

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

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.