Mirabella Financial Services LLP Purchases Shares of 19,374 Brookfield Co. (NYSE:BN)

Mirabella Financial Services LLP acquired a new position in shares of Brookfield Co. (NYSE:BN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 19,374 shares of the company’s stock, valued at approximately $1,108,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BN. Compass Planning Associates Inc purchased a new stake in Brookfield in the 4th quarter valued at $30,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Brookfield in the fourth quarter valued at about $48,000. Promus Capital LLC bought a new position in shares of Brookfield during the fourth quarter valued at about $55,000. Pinnacle Bancorp Inc. grew its position in Brookfield by 29.5% in the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after purchasing an additional 221 shares in the last quarter. Finally, Albion Financial Group UT purchased a new stake in Brookfield in the 4th quarter valued at about $57,000. 61.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BN has been the subject of a number of recent analyst reports. TD Securities upped their price objective on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. CIBC raised their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a report on Thursday, January 23rd. Morgan Stanley dropped their target price on shares of Brookfield from $83.00 to $61.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. decreased their price target on shares of Brookfield from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Scotiabank dropped their price objective on Brookfield from $71.00 to $68.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 7th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Brookfield presently has an average rating of “Moderate Buy” and an average target price of $62.88.

Brookfield Stock Performance

NYSE:BN opened at $49.70 on Monday. Brookfield Co. has a 52-week low of $38.89 and a 52-week high of $62.78. The business’s fifty day moving average is $53.20 and its 200 day moving average is $55.92. 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 firm has a market cap of $81.84 billion, a price-to-earnings ratio of 165.67 and a beta of 1.60.

Brookfield (NYSE:BN) last released 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%. Research analysts predict that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield’s payout ratio is currently 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.