Brookfield Co. (NYSE:BN) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its holdings in Brookfield Co. (NYSE:BN - Free Report) by 7.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,494,160 shares of the company's stock after selling 193,458 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.15% of Brookfield worth $143,289,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in shares of Brookfield by 32.0% in the fourth quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company's stock worth $460,489,000 after buying an additional 1,930,218 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Brookfield by 8.4% during the 4th quarter. Franklin Resources Inc. now owns 675,214 shares of the company's stock worth $38,761,000 after acquiring an additional 52,116 shares in the last quarter. Summit Financial LLC boosted its position in shares of Brookfield by 622.4% during the 4th quarter. Summit Financial LLC now owns 27,508 shares of the company's stock valued at $1,580,000 after acquiring an additional 23,700 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Brookfield by 2.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 309,257 shares of the company's stock valued at $17,757,000 after purchasing an additional 7,772 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in Brookfield by 29.4% in the fourth quarter. Clearbridge Investments LLC now owns 2,222,358 shares of the company's stock worth $127,674,000 after purchasing an additional 505,441 shares during the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

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Brookfield Price Performance

NYSE:BN traded down $4.04 during trading hours on Thursday, reaching $46.41. 1,983,376 shares of the company were exchanged, compared to its average volume of 2,839,062. 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 firm has a market cap of $76.43 billion, a PE ratio of 154.92 and a beta of 1.60. Brookfield Co. has a twelve month low of $38.18 and a twelve month high of $62.78. The stock's 50-day moving average is $54.66 and its 200-day moving average is $56.09.

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

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield's payout ratio is presently 120.00%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BN. TD Securities boosted their price objective on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. CIBC increased their price target on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a report on Thursday, January 23rd. Scotiabank dropped their price objective on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a research note on Monday. Finally, Morgan Stanley began coverage on shares of Brookfield in a research note on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 target price on the stock. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Brookfield has an average rating of "Moderate Buy" and an average price target of $63.63.

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.