Modern Wealth Management LLC Invests in Brookfield Co.

Modern Wealth Management LLC has acquired a new stake in Brookfield Co. (NYSE:BN - Free Report) during the fourth quarter, as indicated in their latest Form 13F filing with the Securities and Exchange Commission (SEC). The investment firm purchased 7,968 shares of Brookfield's stock, bringing the total investment to an approximate value of $473,000.

Institutional Investors Increase Their Stakes

Other institutional investors have also been active in buying and selling shares of Brookfield Co. For instance, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp significantly raised its stake by 131.9% in the third quarter, now owning 463,125 shares valued at about $24,594,000 after adding 263,375 shares. Additionally, Geode Capital Management LLC boosted its holdings in Brookfield by 10.9%, resulting in ownership of 6,029,880 shares worth around $320,670,000 following the acquisition of 591,757 shares during the same quarter. Furthermore, the Public Employees Retirement System of Ohio entered a new investment in Brookfield worth approximately $6,485,000 in the third quarter.

In the fourth quarter, Forsta AP Fonden increased its position by 4.9%, owning 287,200 shares valued at $16,499,000 after buying 13,300 more shares. Similarly, Chemistry Wealth Management LLC raised its investment by 10.1%, now holding 252,597 shares valued at $14,512,000 after acquiring an additional 23,159 shares. As of now, institutional investors own approximately 61.60% of Brookfield's stock.

Analyst Ratings and Market Performance

Recently, several brokerages have provided updates on Brookfield Co. Scotiabank increased their price target from $69.00 to $71.00 while assigning a "sector outperform" rating. Likewise, CIBC raised their price objective to $70.00, giving the stock an "outperformer" rating. TD Securities also upped their target from $74.00 to $75.00, rating the company as a "buy." In addition, Morgan Stanley commenced coverage with an "overweight" rating and a target of $80.00. Among analysts, one has rated the stock as a hold, while six others have given it a buy rating. According to MarketBeat, Brookfield Co. holds a consensus rating of "Moderate Buy" and an average price target set at $64.00.

Stock Performance Overview

As of the most recent trading session, Brookfield's stock opened at $54.13. The company recorded a one-year low of $38.18 and a high of $62.78. Its 50-day moving average price stands at $56.96, while the 200-day moving average is at $56.12. The market capitalization of Brookfield is approximately $89.13 billion, with a PE ratio of 180.42 and a beta of 1.65. Its current ratio is 1.21, while the quick ratio is 1.09, and the debt-to-equity ratio is measured at 1.40.

Recent Earnings and Dividends

Brookfield Co. released its earnings results on February 13, revealing earnings per share (EPS) of $1.01, which surpassed analysts' consensus estimates of $0.88 by $0.13. The company reported a return on equity of 3.93% along with a net margin of 0.75%. Analysts project that Brookfield will achieve EPS of 3.85 for the current year. Furthermore, Brookfield recently announced a quarterly dividend, set to be paid on March 31. Shareholders of record on March 14 will receive a dividend of $0.09 per share, contributing to an annualized dividend of $0.36, which equates to a yield of 0.67% and a payout ratio of 120.00%.

About Brookfield Co.

Brookfield Corporation operates as an alternative asset manager focusing on real estate, renewable power, infrastructure, and venture capital, along with private equity assets. The company manages an array of investment products and services intended for both institutional and retail clients.

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