Brookfield Co. (NYSE:BN) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lowered its position in Brookfield Co. (NYSE:BN - Free Report) by 27.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,174,692 shares of the company's stock after selling 2,705,239 shares during the quarter. Legal & General Group Plc owned approximately 0.44% of Brookfield worth $412,167,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantinno Capital Management LP lifted its position in shares of Brookfield by 49.1% during the 3rd quarter. Quantinno Capital Management LP now owns 26,783 shares of the company's stock worth $1,424,000 after purchasing an additional 8,814 shares during the last quarter. Wellington Management Group LLP raised its stake in Brookfield by 2.7% in the third quarter. Wellington Management Group LLP now owns 1,170,931 shares of the company's stock valued at $62,240,000 after buying an additional 30,566 shares in the last quarter. Orion Portfolio Solutions LLC lifted its holdings in Brookfield by 12.4% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,419 shares of the company's stock worth $873,000 after buying an additional 1,811 shares during the last quarter. MML Investors Services LLC boosted its position in shares of Brookfield by 11.2% during the 3rd quarter. MML Investors Services LLC now owns 13,372 shares of the company's stock worth $711,000 after acquiring an additional 1,347 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Brookfield in the 3rd quarter valued at about $6,485,000. Institutional investors and hedge funds own 61.60% of the company's stock.

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Brookfield Stock Performance

NYSE:BN traded up $1.67 during trading hours on Friday, reaching $48.60. 4,065,869 shares of the company's stock were exchanged, compared to its average volume of 2,821,710. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.78. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $80.03 billion, a price-to-earnings ratio of 162.01 and a beta of 1.60. The company has a 50-day moving average of $54.22 and a 200 day moving average of $56.05.

Brookfield (NYSE:BN - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, topping 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%. Research analysts anticipate that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Friday, March 14th. Brookfield's payout ratio is currently 120.00%.

Wall Street Analyst Weigh In

BN has been the subject of several recent analyst reports. Scotiabank decreased their target price 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. TD Securities upped their target price on shares of Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Morgan Stanley started coverage on shares of Brookfield in a research report on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 target price on the stock. Finally, CIBC boosted their price target on shares of Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.