Autumn Glory Partners LLC Sells 5,827 Shares of Brookfield Co. (NYSE:BN)

Autumn Glory Partners LLC lowered its position in Brookfield Co. (NYSE:BN - Free Report) by 54.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,890 shares of the company's stock after selling 5,827 shares during the quarter. Autumn Glory Partners LLC's holdings in Brookfield were worth $281,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. AMS Capital Ltda bought a new stake in shares of Brookfield during the 4th quarter worth about $5,529,000. Van ECK Associates Corp acquired a new stake in shares of Brookfield in the fourth quarter worth $341,000. Louisbourg Investments Inc. boosted its holdings in Brookfield by 18.3% during the fourth quarter. Louisbourg Investments Inc. now owns 196,124 shares of the company's stock valued at $11,267,000 after acquiring an additional 30,287 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Brookfield by 1.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 78,682 shares of the company's stock worth $4,520,000 after purchasing an additional 974 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. boosted its stake in Brookfield by 5.1% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 14,922 shares of the company's stock valued at $857,000 after purchasing an additional 719 shares during the period. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Price Performance

Shares of NYSE BN traded down $0.78 during midday trading on Wednesday, reaching $60.53. 2,252,248 shares of the company traded hands, compared to its average volume of 2,246,106. The stock's 50-day simple moving average is $58.53 and its 200-day simple moving average is $54.86. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21. Brookfield Co. has a 12 month low of $38.18 and a 12 month high of $62.78. The firm has a market cap of $99.64 billion, a PE ratio of 201.76 and a beta of 1.57.

Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.01 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%. As a group, equities analysts anticipate that Brookfield Co. will post 3.9 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.09 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.59%. Brookfield's dividend payout ratio is 106.67%.

Analyst Ratings Changes

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

Brookfield 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.