Scheer Rowlett & Associates Investment Management Ltd. Has $86.78 Million Position in Brookfield Co. (NYSE:BN)

Scheer Rowlett & Associates Investment Management Ltd. increased its stake in shares of Brookfield Co. (NYSE:BN) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,511,750 shares of the company’s stock after purchasing an additional 16,096 shares during the quarter. Brookfield comprises about 6.3% of Scheer Rowlett & Associates Investment Management Ltd.’s portfolio, making the stock its 3rd biggest position. Scheer Rowlett & Associates Investment Management Ltd. owned 0.09% of Brookfield worth $86,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of BN. Pittenger & Anderson Inc. lifted its position in Brookfield by 14.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company’s stock valued at $90,000 after purchasing an additional 203 shares during the period. Pinnacle Bancorp Inc. raised its stake in shares of Brookfield by 29.5% during the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after buying an additional 221 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Brookfield by 10.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company’s stock valued at $148,000 after buying an additional 245 shares during the period. Fisher Asset Management LLC boosted its stake in Brookfield by 2.7% in the fourth quarter. Fisher Asset Management LLC now owns 9,873 shares of the company’s stock valued at $567,000 after acquiring an additional 255 shares during the last quarter. Finally, Joel Isaacson & Co. LLC grew its holdings in Brookfield by 5.3% during the 4th quarter. Joel Isaacson & Co. LLC now owns 5,625 shares of the company’s stock worth $323,000 after acquiring an additional 283 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Price Performance

NYSE BN opened at $52.10 on Friday. 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 stock has a market cap of $85.76 billion, a price-to-earnings ratio of 173.66 and a beta of 1.65. The business has a 50 day simple moving average of $58.35 and a 200 day simple moving average of $55.69. Brookfield Co. has a 52-week low of $38.18 and a 52-week high of $62.78.

Brookfield (NYSE:BN) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) 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%. Analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s dividend payout ratio is 120.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Scotiabank increased their price target on Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research note on Monday, February 3rd. Morgan Stanley started coverage on Brookfield in a research note on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 target price on the stock. CIBC boosted their target price on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday, January 23rd. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 price target (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Finally, TD Securities lifted their price objective on shares of 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 MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $64.00.

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.