Lee Danner & Bass Inc. lessened its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 6.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 115,784 shares of the company's stock after selling 8,218 shares during the period. Lee Danner & Bass Inc.'s holdings in Brookfield were worth $6,652,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of BN. Pittenger & Anderson Inc. raised its position in shares of Brookfield by 14.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company's stock valued at $90,000 after purchasing an additional 203 shares during the period. Pinnacle Bancorp Inc. increased its stake in Brookfield by 29.5% in the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock worth $56,000 after buying an additional 221 shares in the last quarter. Citizens Financial Group Inc. RI raised its holdings in 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 during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Brookfield by 10.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company's stock valued at $148,000 after acquiring an additional 245 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Brookfield by 2.7% in the fourth quarter. Fisher Asset Management LLC now owns 9,873 shares of the company's stock worth $567,000 after acquiring an additional 255 shares during the period. Hedge funds and other institutional investors own 61.60% of the company's stock.
Analyst Ratings Changes
Several brokerages recently issued reports on BN. CIBC lifted their target price on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research note on Thursday, January 23rd. Morgan Stanley started coverage on shares of Brookfield in a report on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 target price on the stock. Scotiabank lifted their price target 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, TD Securities boosted their price target on shares of Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research note 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. Based on data from MarketBeat.com, Brookfield currently has an average rating of "Moderate Buy" and an average target price of $64.00.
Check Out Our Latest Report on BN
Brookfield Price Performance
Shares of NYSE:BN traded up $0.02 on Tuesday, reaching $55.37. The company's stock had a trading volume of 2,316,019 shares, compared to its average volume of 2,550,541. The company has a market cap of $91.18 billion, a P/E ratio of 184.57 and a beta of 1.65. Brookfield Co. has a 52-week low of $38.18 and a 52-week high of $62.78. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21. The company has a 50-day simple moving average of $57.08 and a 200 day simple moving average of $56.08.
Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings data 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 anticipate that Brookfield Co. will post 3.85 EPS for the current fiscal year.
Brookfield Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield's dividend payout ratio (DPR) is 120.00%.
Brookfield Company 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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