Brookfield Co. (NYSE:BN) Position Boosted by Fiduciary Trust Co

Fiduciary Trust Co boosted its position in Brookfield Co. (NYSE:BN) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,953 shares of the company’s stock after buying an additional 366 shares during the quarter. Fiduciary Trust Co’s holdings in Brookfield were worth $2,066,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. CoreCap Advisors LLC bought a new stake in shares of Brookfield during the 4th quarter valued at about $29,000. Compass Planning Associates Inc bought a new stake in Brookfield in the fourth quarter valued at $30,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Brookfield during the fourth quarter valued at $48,000. Transce3nd LLC bought a new position in shares of Brookfield during the fourth quarter worth about $51,000. Finally, Promus Capital LLC acquired a new stake in shares of Brookfield in the 4th quarter worth about $55,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Performance

BN opened at $56.73 on Friday. The stock has a 50-day moving average of $51.71 and a 200-day moving average of $55.87. Brookfield Co. has a 52-week low of $39.97 and a 52-week high of $62.78. 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 company has a market cap of $93.46 billion, a PE ratio of 189.11 and a beta of 1.64.

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

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Friday, June 13th. Brookfield’s dividend payout ratio is 128.57%.

Analysts Set New Price Targets

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

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.