Fmr LLC Sells 91,856 Shares of Brookfield Co. (NYSE:BN)

FMR LLC lowered its holdings in shares of Brookfield Co. (NYSE:BN - Free Report) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,070,599 shares of the company's stock after selling 91,856 shares during the period. FMR LLC owned approximately 0.61% of Brookfield worth $578,729,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in BN. Geode Capital Management LLC boosted its position in shares of Brookfield by 10.9% during the 3rd quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company's stock worth $320,670,000 after purchasing an additional 591,757 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Brookfield in the third quarter worth approximately $6,485,000. Forsta AP Fonden grew its stake in Brookfield by 4.9% in the fourth quarter. Forsta AP Fonden now owns 287,200 shares of the company's stock valued at $16,499,000 after acquiring an additional 13,300 shares during the period. Chemistry Wealth Management LLC increased its holdings in shares of Brookfield by 10.1% during the fourth quarter. Chemistry Wealth Management LLC now owns 252,597 shares of the company's stock valued at $14,512,000 after acquiring an additional 23,159 shares in the last quarter. Finally, Triangle Securities Wealth Management raised its position in shares of Brookfield by 11.2% during the fourth quarter. Triangle Securities Wealth Management now owns 90,137 shares of the company's stock worth $5,178,000 after purchasing an additional 9,048 shares during the period. 61.60% of the stock is currently owned by institutional investors.

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Brookfield Stock Performance

Shares of BN stock traded up $0.94 during trading on Monday, hitting $49.53. The company's stock had a trading volume of 828,462 shares, compared to its average volume of 2,814,269. 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 market cap of $81.56 billion, a PE ratio of 165.11 and a beta of 1.60. The business has a fifty day moving average of $54.22 and a 200-day moving average of $56.05. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.78.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings data 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 return on equity of 3.93% and a net margin of 0.75%. As a group, research analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield's payout ratio is 120.00%.

Wall Street Analyst Weigh In

A number of brokerages have commented on BN. TD Securities boosted their price target 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. CIBC boosted their target price 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. Morgan Stanley started coverage on Brookfield in a research note on Thursday, January 23rd. They set an "overweight" rating and a $80.00 price target for the company. Finally, Scotiabank lowered their price objective on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a research note on Monday, April 7th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $63.63.

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.