Regents of The University of California Buys Shares of 2,683,035 Brookfield Co. (NYSE:BN)

Regents of The University of California purchased a new stake in Brookfield Co. (NYSE:BN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,683,035 shares of the company’s stock, valued at approximately $154,140,000. Brookfield comprises 47.8% of Regents of The University of California’s portfolio, making the stock its biggest position. Regents of The University of California owned 0.16% of Brookfield at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BN. Compass Planning Associates Inc bought a new stake in shares of Brookfield in the 4th quarter valued at about $30,000. First Personal Financial Services bought a new stake in shares of Brookfield in the 3rd quarter valued at about $42,000. FSA Wealth Management LLC bought a new stake in Brookfield during the 3rd quarter worth approximately $42,000. Prestige Wealth Management Group LLC increased its stake in 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 purchasing an additional 500 shares in the last quarter. Finally, Continuum Advisory LLC bought a new stake in Brookfield during the 3rd quarter worth approximately $55,000. 61.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Brookfield Price Performance

Shares of BN opened at $57.88 on Friday. The stock has a market capitalization of $95.28 billion, a P/E ratio of 192.94 and a beta of 1.57. Brookfield Co. has a twelve month low of $38.18 and a twelve month high of $62.78. The company has a 50 day moving average of $58.60 and a 200-day moving average of $55.46. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40.

Brookfield (NYSE:BN) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.13. 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 EPS for the current fiscal year.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Friday, March 14th. Brookfield’s payout ratio is presently 120.00%.

About Brookfield

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.