Brookfield Co. (NYSE:BN) Shares Bought by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC grew its position in shares of Brookfield Co. (NYSE:BN) by 0.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 172,210 shares of the company’s stock after purchasing an additional 351 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Brookfield were worth $9,893,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the stock. Quantinno Capital Management LP grew its holdings in shares of Brookfield by 67.1% in the 4th 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. Obermeyer Wealth Partners grew its holdings in shares of Brookfield by 8,053.8% in the 4th quarter. Obermeyer Wealth Partners now owns 426,362 shares of the company’s stock worth $24,494,000 after acquiring an additional 421,133 shares during the last quarter. Meketa Capital LLC acquired a new stake in shares of Brookfield in the fourth quarter worth $1,095,000. Millennium Management LLC boosted its position in shares of Brookfield by 4.7% in the fourth quarter. Millennium Management LLC now owns 493,342 shares of the company’s stock worth $28,340,000 after buying an additional 22,348 shares during the period. Finally, Focus Partners Wealth boosted its position in shares of Brookfield by 393.4% in the fourth quarter. Focus Partners Wealth now owns 761,473 shares of the company’s stock worth $43,747,000 after buying an additional 607,143 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on BN. TD Securities decreased their target price on Brookfield from $77.00 to $74.00 and set a “buy” rating for the company in a research report on Monday, May 5th. JPMorgan Chase & Co. decreased their target price on Brookfield from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. CIBC decreased their target price on Brookfield from $74.00 to $72.00 and set an “outperformer” rating for the company in a research report on Friday, May 9th. Scotiabank decreased their target price on Brookfield from $71.00 to $68.00 and set a “sector outperform” rating for the company in a research report on Monday, April 7th. Finally, Morgan Stanley decreased their target price on 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $63.00.

Brookfield Price Performance

BN opened at $59.79 on Friday. The stock has a market cap of $98.49 billion, a price-to-earnings ratio of 199.29 and a beta of 1.64. Brookfield Co. has a 1 year low of $39.97 and a 1 year high of $62.78. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. The stock has a fifty day moving average price of $52.46 and a 200 day moving average price of $56.06.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.98 earnings per share for the quarter, topping 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 analysts’ expectations of $1.36 billion. Analysts forecast that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.09 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.60%. Brookfield’s dividend payout ratio is currently 128.57%.

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.