GAMMA Investing LLC Grows Stake in Brookfield Co. (NYSE:BN)

GAMMA Investing LLC raised its stake in Brookfield Co. (NYSE:BN) by 85.5% during the 4th quarter, HoldingsChannel reports. The firm owned 1,957 shares of the company’s stock after acquiring an additional 902 shares during the quarter. GAMMA Investing LLC’s holdings in Brookfield were worth $112,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Brookfield by 131.9% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company’s stock valued at $24,594,000 after purchasing an additional 263,375 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Brookfield by 5.7% during the third quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company’s stock valued at $9,764,000 after acquiring an additional 9,915 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Brookfield by 10.9% during the third quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company’s stock valued at $320,670,000 after acquiring an additional 591,757 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Brookfield by 10.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company’s stock valued at $189,507,000 after acquiring an additional 351,231 shares in the last quarter. Finally, Partners Group Holding AG grew its stake in shares of Brookfield by 53.5% during the third quarter. Partners Group Holding AG now owns 409,303 shares of the company’s stock valued at $21,754,000 after acquiring an additional 142,603 shares in the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on BN shares. BMO Capital Markets restated 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 lifted their price target on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $55.31.

Brookfield Stock Performance

Shares of BN stock opened at $55.00 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. The business has a 50 day moving average of $58.06 and a two-hundred day moving average of $51.87. Brookfield Co. has a 52 week low of $37.79 and a 52 week high of $62.44. The company has a market cap of $82.97 billion, a P/E ratio of 117.02 and a beta of 1.56.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.08 per share. The ex-dividend date was Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.58%. Brookfield’s dividend payout ratio (DPR) is presently 68.09%.

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.