Horizon Kinetics Asset Management LLC Acquires Additional Shares of Brookfield Co.

Horizon Kinetics Asset Management LLC has recently expanded its investment in Brookfield Co. (NYSE:BN - Free Report) by 15.3% during the fourth quarter, as revealed in its latest 13F filing with the Securities and Exchange Commission (SEC). Following the purchase of an additional 161,891 shares, the firm now holds a total of 1,218,597 shares of the company.

Brookfield Co. represents approximately 0.9% of Horizon Kinetics Asset Management LLC's overall investment portfolio, making it the firm's 13th largest holding. As of the latest filing with the SEC, Horizon Kinetics holds 0.07% of Brookfield, valued at around $70,008,000.

Other Institutional Investors Show Interest

Several other hedge funds and institutional investors have also adjusted their holdings in Brookfield. For instance, Compass Planning Associates Inc established a new position in Brookfield worth $30,000 during the fourth quarter. FSA Wealth Management LLC acquired a new stake valued at $42,000 in the third quarter, while Prestige Wealth Management Group LLC notably increased its position by 137.0% in the same period, now owning 865 shares worth $46,000 after acquiring 500 additional shares. Additionally, Bank Julius Baer & Co. Ltd Zurich invested $48,000 in Brookfield during the fourth quarter, and Continuum Advisory LLC also made a new investment worth $55,000 in the third quarter. Currently, institutional investors hold 61.60% of Brookfield's stock.

Current Performance of Brookfield Stock

On Monday, Brookfield's stock opened at $50.42. The company has a quick ratio of 1.09 and a current ratio of 1.21, with a debt-to-equity ratio of 1.40. Over the past year, Brookfield has seen a low of $38.18 and a high of $62.78. The stock's fifty-day moving average stands at $57.49, while the 200-day moving average is at $55.88. With a market capitalization of $82.99 billion, Brookfield sports a PE ratio of 168.06 and a beta of 1.65.

Recently, Brookfield announced its quarterly earnings on February 13th. The company reported earnings per share (EPS) of $1.01, surpassing analysts' expectations of $0.88 by $0.13. Its return on equity has been measured at 3.93%, with a net margin of 0.75%. Looking ahead, analysts predict that Brookfield will report an EPS of 3.85 for the current year.

Dividend Announcement

Brookfield has also declared a quarterly dividend, which will be distributed on March 31st. Shareholders on record as of March 14th will receive a dividend of $0.09 per share, with the ex-dividend date set for the same day. This represents an annualized dividend of $0.36, yielding 0.71%. Currently, Brookfield's dividend payout ratio is 120.00%.

Analysts' Outlook on Brookfield

Brookfield has garnered attention from several research analysts. Recently, TD Securities raised their price target for Brookfield from $74.00 to $75.00, maintaining a "buy" rating. Morgan Stanley initiated coverage with an "overweight" rating and set a target price of $80.00. Additionally, CIBC increased their target price from $68.00 to $70.00, rating the company as an "outperformer." Scotiabank also boosted their target price from $69.00 to $71.00, providing a "sector outperform" rating. In total, one equity research analyst has rated Brookfield as a hold, while six have given it a buy rating. The current consensus indicates a "Moderate Buy" with an average target price of $64.00.

Company Overview

Brookfield Corporation operates as an alternative asset manager and real estate investment manager. It specializes in managing a diverse range of assets, including real estate, renewable power, infrastructure, venture capital, and private equity, catering to both institutional and retail clients.

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