XTX Topco Ltd Buys Shares of 17,388 Brookfield Co. (NYSE:BN)

XTX Topco Ltd bought a new position in shares of Brookfield Co. (NYSE:BN) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 17,388 shares of the company’s stock, valued at approximately $999,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BN. Forsta AP Fonden grew its position in Brookfield by 4.9% during the fourth quarter. Forsta AP Fonden now owns 287,200 shares of the company’s stock worth $16,499,000 after buying an additional 13,300 shares during the period. Chemistry Wealth Management LLC boosted its stake in shares of Brookfield by 10.1% during the 4th quarter. Chemistry Wealth Management LLC now owns 252,597 shares of the company’s stock worth $14,512,000 after acquiring an additional 23,159 shares in the last quarter. Triangle Securities Wealth Management grew its holdings in shares of Brookfield by 11.2% in the 4th quarter. Triangle Securities Wealth Management now owns 90,137 shares of the company’s stock worth $5,178,000 after acquiring an additional 9,048 shares during the period. Janney Montgomery Scott LLC increased its stake in Brookfield by 19.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 68,583 shares of the company’s stock valued at $3,940,000 after purchasing an additional 11,136 shares in the last quarter. Finally, Guerra Pan Advisors LLC acquired a new position in Brookfield during the fourth quarter worth $321,000. 61.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BN has been the subject of a number of research analyst reports. Morgan Stanley dropped their price target on Brookfield from $83.00 to $61.00 and set an “overweight” rating for the company in a research report on Monday. TD Securities raised their target price on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. CIBC upped their price target on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd. Finally, Scotiabank dropped their price objective on shares of Brookfield from $71.00 to $68.00 and set a “sector outperform” rating for the company in a research note on Monday, April 7th. 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, Brookfield currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.25.

Brookfield Stock Performance

NYSE:BN opened at $49.25 on Wednesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The firm has a market cap of $81.11 billion, a PE ratio of 164.19 and a beta of 1.60. The firm has a 50 day simple moving average of $53.79 and a 200-day simple moving average of $55.97. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.78.

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

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.73%. The ex-dividend date was Friday, March 14th. Brookfield’s dividend payout ratio (DPR) is 120.00%.

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.