Fidelis Capital Partners LLC Has $294,000 Stock Holdings in Brookfield Co. (NYSE:BN)

Fidelis Capital Partners LLC grew its holdings in Brookfield Co. (NYSE:BN) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,334 shares of the company’s stock after buying an additional 372 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Brookfield were worth $294,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Eldred Rock Partners LLC acquired a new stake in shares of Brookfield in the fourth quarter valued at $9,868,000. Private Trust Co. NA boosted its holdings in Brookfield by 30.5% in the third quarter. Private Trust Co. NA now owns 2,055 shares of the company’s stock valued at $64,000 after acquiring an additional 480 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Brookfield by 4.9% in the third quarter. JPMorgan Chase & Co. now owns 5,841,070 shares of the company’s stock valued at $182,650,000 after acquiring an additional 273,474 shares during the last quarter. Northside Capital Management LLC bought a new position in Brookfield in the fourth quarter valued at about $229,000. Finally, Lazard Asset Management LLC bought a new position in Brookfield in the third quarter valued at about $23,667,000. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Brookfield

In related news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of Brookfield stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $11.33, for a total value of $11,330,000.00. Following the sale, the director now owns 15,492,168 shares of the company’s stock, valued at approximately $175,526,263.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 11.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

BN has been the topic of several recent research reports. Scotiabank raised their price target on Brookfield from $49.00 to $50.00 and gave the company a “sector outperform” rating in a report on Friday, February 9th. Canaccord Genuity Group raised their price target on Brookfield from $41.00 to $42.50 and gave the company a “hold” rating in a report on Friday, February 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $53.00 price target on shares of Brookfield in a report on Friday, April 12th. JPMorgan Chase & Co. raised their price target on Brookfield from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Finally, TD Securities raised their target price on Brookfield from $61.00 to $62.00 and gave the stock an “action list buy” rating in a report on Sunday, February 11th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.45.

Brookfield Trading Up 1.1 %

NYSE:BN opened at $38.99 on Friday. Brookfield Co. has a fifty-two week low of $28.84 and a fifty-two week high of $43.17. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.15 and a quick ratio of 0.99. The stock has a market capitalization of $64.02 billion, a PE ratio of 62.89 and a beta of 1.49. The business’s 50-day simple moving average is $40.78 and its 200-day simple moving average is $37.61.

Brookfield (NYSE:BN) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.14. Brookfield had a return on equity of 3.22% and a net margin of 1.18%. The business had revenue of $24.52 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the business posted $1.12 EPS. Brookfield’s revenue for the quarter was up 1.3% on a year-over-year basis. Sell-side analysts expect that Brookfield Co. will post 3.75 earnings per share for the current fiscal year.

Brookfield Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 13th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Tuesday, March 12th. This is a positive change from Brookfield’s previous quarterly dividend of $0.07. Brookfield’s dividend payout ratio (DPR) is currently 51.61%.

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.