Carbahal Olsen Financial Services Group LLC Takes $438,000 Position in Brookfield Co. (NYSE:BN)

Carbahal Olsen Financial Services Group LLC purchased a new position in Brookfield Co. (NYSE:BN) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,629 shares of the company’s stock, valued at approximately $438,000. Brookfield comprises 0.4% of Carbahal Olsen Financial Services Group LLC’s investment portfolio, making the stock its 16th largest position.

Several other hedge funds and other institutional investors also recently modified their holdings of BN. Vanguard Group Inc. lifted its holdings in Brookfield by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 59,904,458 shares of the company’s stock worth $3,443,129,000 after purchasing an additional 974,533 shares during the period. FIL Ltd raised its holdings in shares of Brookfield by 8.8% during the fourth quarter. FIL Ltd now owns 20,354,516 shares of the company’s stock valued at $1,169,912,000 after acquiring an additional 1,640,903 shares during the period. Norges Bank acquired a new stake in Brookfield during the 4th quarter valued at $973,591,000. CIBC Asset Management Inc raised its position in Brookfield by 6.2% during the fourth quarter. CIBC Asset Management Inc now owns 14,178,133 shares of the company’s stock valued at $814,585,000 after buying an additional 823,428 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Brookfield by 32.0% in the fourth quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company’s stock worth $460,489,000 after purchasing an additional 1,930,218 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BN shares. Morgan Stanley cut their price objective on Brookfield from $83.00 to $61.00 and set an “overweight” rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. decreased their price objective on shares of Brookfield from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday. CIBC raised their target price on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd. Scotiabank reduced their target price on Brookfield from $71.00 to $68.00 and set a “sector outperform” rating for the company in a research report on Monday, April 7th. Finally, TD Securities raised their price target 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 investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $62.88.

Brookfield Stock Up 1.8 %

Shares of BN stock opened at $49.70 on Friday. The company has a market capitalization of $81.84 billion, a price-to-earnings ratio of 165.67 and a beta of 1.60. Brookfield Co. has a 12-month low of $38.51 and a 12-month high of $62.78. The firm has a fifty day moving average of $53.20 and a 200-day moving average of $55.87. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40.

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 analysts’ consensus estimates of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. As a group, equities research analysts predict that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The business 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 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Friday, March 14th. Brookfield’s payout ratio is presently 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.