Brookfield Co. (NYSE:BN) Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC cut its holdings in Brookfield Co. (NYSE:BN) by 0.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 46,670 shares of the company’s stock after selling 313 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Brookfield were worth $2,681,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Pittenger & Anderson Inc. boosted its stake in Brookfield by 14.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company’s stock valued at $90,000 after acquiring an additional 203 shares during the period. Pinnacle Bancorp Inc. boosted its position in Brookfield by 29.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock valued at $56,000 after purchasing an additional 221 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in Brookfield by 10.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company’s stock valued at $148,000 after purchasing an additional 245 shares during the period. Fisher Asset Management LLC boosted its position in Brookfield by 2.7% during the 4th quarter. Fisher Asset Management LLC now owns 9,873 shares of the company’s stock valued at $567,000 after purchasing an additional 255 shares during the period. Finally, Joel Isaacson & Co. LLC boosted its position in Brookfield by 5.3% during the 4th quarter. Joel Isaacson & Co. LLC now owns 5,625 shares of the company’s stock valued at $323,000 after purchasing an additional 283 shares during the period. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Trading Down 0.9 %

Brookfield stock opened at $52.10 on Friday. Brookfield Co. has a 12-month low of $38.18 and a 12-month high of $62.78. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The stock has a market capitalization of $85.76 billion, a PE ratio of 173.66 and a beta of 1.65. The firm has a 50 day simple moving average of $58.35 and a 200-day simple moving average of $55.69.

Brookfield (NYSE:BN) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate 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 expect that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.69%. Brookfield’s dividend payout ratio (DPR) is 120.00%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. CIBC boosted their price target on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd. BMO Capital Markets reissued 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. TD Securities boosted their target price on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Morgan Stanley started coverage on shares of Brookfield in a research note on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price for the company. Finally, Scotiabank boosted their price objective on Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 3rd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $64.00.

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.