Atlantic Union Bankshares Corp Sells 10,283 Shares of Brookfield Co. (NYSE:BN)

Atlantic Union Bankshares Corp decreased its holdings in Brookfield Co. (NYSE:BN - Free Report) by 11.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,934 shares of the company's stock after selling 10,283 shares during the period. Atlantic Union Bankshares Corp's holdings in Brookfield were worth $4,420,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Brookfield by 131.9% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company's stock worth $24,594,000 after purchasing an additional 263,375 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Brookfield by 5.7% during the third quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company's stock worth $9,764,000 after acquiring an additional 9,915 shares during the period. Geode Capital Management LLC increased its position in shares of Brookfield by 10.9% during the third quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company's stock worth $320,670,000 after acquiring an additional 591,757 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Brookfield by 10.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company's stock worth $189,507,000 after acquiring an additional 351,231 shares during the period. Finally, Partners Group Holding AG increased its holdings in Brookfield by 53.5% during the third quarter. Partners Group Holding AG now owns 409,303 shares of the company's stock valued at $21,754,000 after buying an additional 142,603 shares during the period. Institutional investors own 61.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. BMO Capital Markets reissued an "outperform" rating and set a $62.00 price objective (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. Morgan Stanley initiated coverage on shares of Brookfield in a report on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 price target on the stock. Scotiabank lifted their price target on shares of Brookfield from $69.00 to $71.00 and gave the stock a "sector outperform" rating in a report on Monday, February 3rd. TD Securities lifted their price target on shares of Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Finally, CIBC lifted their price target on shares of Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $64.00.

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Brookfield Trading Down 0.9 %

NYSE BN opened at $52.10 on Friday. The company has a market capitalization of $85.76 billion, a PE ratio of 173.66 and a beta of 1.65. The company has a fifty day moving average of $58.35 and a 200 day moving average of $55.69. Brookfield Co. has a 1 year low of $38.18 and a 1 year 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.

Brookfield (NYSE:BN - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.13. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. Research analysts forecast that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.69%. Brookfield's dividend 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.

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