Cannell & Spears LLC cut its stake in Brookfield Co. (NYSE:BN - Free Report) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,986,587 shares of the company's stock after selling 59,318 shares during the quarter. Brookfield comprises about 2.4% of Cannell & Spears LLC's portfolio, making the stock its 6th biggest position. Cannell & Spears LLC owned approximately 0.12% of Brookfield worth $114,129,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the stock. Haverford Trust Co increased its position in shares of Brookfield by 4.7% during the fourth quarter. Haverford Trust Co now owns 4,308 shares of the company's stock worth $247,000 after purchasing an additional 192 shares in the last quarter. Orion Portfolio Solutions LLC increased its position in Brookfield by 1.2% during the 4th quarter. Orion Portfolio Solutions LLC now owns 16,616 shares of the company's stock valued at $955,000 after buying an additional 197 shares in the last quarter. Pittenger & Anderson Inc. raised 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 buying an additional 203 shares during the last quarter. Pinnacle Bancorp Inc. boosted its holdings in Brookfield by 29.5% in the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock worth $56,000 after acquiring an additional 221 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its holdings in shares of Brookfield by 5.8% during the fourth quarter. Citizens Financial Group Inc. RI now owns 4,350 shares of the company's stock valued at $250,000 after acquiring an additional 240 shares in the last quarter. 61.60% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. TD Securities raised their target price on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. CIBC raised their price target on shares of Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a research report on Thursday, January 23rd. Scotiabank upped their price objective on shares of Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a report on Monday, February 3rd. Finally, Morgan Stanley assumed 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. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $64.00.
Get Our Latest Research Report on BN
Brookfield Price Performance
Shares of NYSE:BN traded down $3.06 during midday trading on Friday, hitting $47.29. 3,418,865 shares of the stock were exchanged, compared to its average volume of 2,827,826. Brookfield Co. has a twelve month low of $38.18 and a twelve month high of $62.78. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. The company has a 50 day moving average price of $56.33 and a 200-day moving average price of $56.27. The stock has a market cap of $77.87 billion, a P/E ratio of 157.49 and a beta of 1.65.
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 the consensus estimate of $0.88 by $0.13. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. On average, research analysts forecast that Brookfield Co. will post 3.85 earnings per share for the current year.
Brookfield Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Friday, March 14th. Brookfield's dividend payout ratio (DPR) is currently 120.00%.
Brookfield Profile
(
Free Report)
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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