Envestnet Portfolio Solutions Inc. Raises Stake in Brookfield Co. (NYSE:BN)

Envestnet Portfolio Solutions Inc. boosted its holdings in Brookfield Co. (NYSE:BN) by 4.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 9,450 shares of the company’s stock after buying an additional 415 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Brookfield were worth $543,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BN. Compass Planning Associates Inc purchased a new position in shares of Brookfield in the 4th quarter valued at $30,000. FSA Wealth Management LLC purchased a new position in Brookfield in the third quarter valued at about $42,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Brookfield in the fourth quarter worth about $48,000. Prestige Wealth Management Group LLC grew its stake in shares of Brookfield by 137.0% in the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after buying an additional 500 shares in the last quarter. Finally, Promus Capital LLC acquired a new position in Brookfield during the 4th quarter worth approximately $55,000. 61.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. CIBC lifted their price objective on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday, January 23rd. Scotiabank boosted their price objective on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a report on Monday, February 3rd. TD Securities raised their target price on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Morgan Stanley assumed coverage on Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective on the stock. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.00.

Brookfield Trading Up 0.0 %

Brookfield stock opened at $55.37 on Wednesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21. Brookfield Co. has a 1 year low of $38.18 and a 1 year high of $62.78. The firm’s 50-day moving average is $57.08 and its 200-day moving average is $56.15. The company has a market cap of $91.18 billion, a P/E ratio of 184.57 and a beta of 1.65.

Brookfield (NYSE:BN) last issued its earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. On average, equities analysts expect that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s dividend payout ratio is presently 120.00%.

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.