Simon Quick Advisors LLC Purchases 1,103 Shares of Brookfield Co. (NYSE:BN)

Simon Quick Advisors LLC lifted its position in shares of Brookfield Co. (NYSE:BN) by 14.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,918 shares of the company’s stock after purchasing an additional 1,103 shares during the quarter. Simon Quick Advisors LLC’s holdings in Brookfield were worth $467,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its holdings in Brookfield by 1.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 78,682 shares of the company’s stock worth $4,520,000 after acquiring an additional 974 shares in the last quarter. Van ECK Associates Corp bought a new stake in Brookfield in the fourth quarter worth $341,000. AMS Capital Ltda bought a new stake in Brookfield in the fourth quarter worth $5,529,000. Blue Zone Wealth Advisors LLC boosted its holdings in Brookfield by 0.9% in the fourth quarter. Blue Zone Wealth Advisors LLC now owns 145,497 shares of the company’s stock worth $8,359,000 after acquiring an additional 1,293 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its holdings in Brookfield by 809.5% in the fourth quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company’s stock worth $211,159,000 after acquiring an additional 3,271,403 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

Brookfield Stock Down 2.5%

Brookfield stock opened at $57.75 on Friday. The stock has a market cap of $95.15 billion, a PE ratio of 192.52 and a beta of 1.66. 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 one year low of $39.97 and a one year high of $62.78. The stock has a fifty day moving average of $55.05 and a 200 day moving average of $56.24.

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

Brookfield Announces Dividend

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. This represents a $0.36 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Friday, June 13th. Brookfield’s payout ratio is 128.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Morgan Stanley reissued an “overweight” rating on shares of Brookfield in a report on Monday, May 19th. TD Securities dropped their target price on Brookfield from $77.00 to $74.00 and set a “buy” rating on the stock in a report on Monday, May 5th. 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 price target on Brookfield from $74.00 to $72.00 and set an “outperformer” rating for the company in a research note on Friday, May 9th. Finally, Wall Street Zen upgraded Brookfield from a “sell” rating to a “hold” rating in a research note on Sunday, June 8th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Brookfield currently has an average rating of “Moderate Buy” and a consensus 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.