Brookfield Co. (NYSE:BN) Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its position in shares of Brookfield Co. (NYSE:BN - Free Report) by 16.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,786 shares of the company's stock after selling 6,059 shares during the period. Sei Investments Co.'s holdings in Brookfield were worth $1,711,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BN. Thrivent Financial for Lutherans acquired a new stake in shares of Brookfield during the third quarter worth about $223,000. HighTower Advisors LLC lifted its holdings in Brookfield by 1.0% during the 3rd quarter. HighTower Advisors LLC now owns 199,096 shares of the company's stock worth $10,577,000 after buying an additional 1,971 shares in the last quarter. Janus Henderson Group PLC boosted its position in Brookfield by 2.1% in the 3rd quarter. Janus Henderson Group PLC now owns 273,556 shares of the company's stock valued at $14,536,000 after buying an additional 5,532 shares during the period. IHT Wealth Management LLC grew its stake in shares of Brookfield by 20.9% in the third quarter. IHT Wealth Management LLC now owns 11,044 shares of the company's stock worth $593,000 after acquiring an additional 1,908 shares in the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of Brookfield by 49.1% during the third quarter. Quantinno Capital Management LP now owns 26,783 shares of the company's stock worth $1,424,000 after acquiring an additional 8,814 shares during the period. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

BN has been the subject of a number of recent research reports. CIBC lifted their target price on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a report on Thursday, January 23rd. Scotiabank decreased 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. TD Securities upped their target price 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. Finally, Morgan Stanley started coverage on shares of Brookfield in a research note on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 price target for the company. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $63.63.

Brookfield Stock Down 7.1 %

BN traded down $3.61 on Thursday, reaching $46.85. The company's stock had a trading volume of 5,504,180 shares, compared to its average volume of 2,850,027. The stock has a 50 day moving average of $54.41 and a two-hundred day moving average of $56.05. The company has a market capitalization of $77.14 billion, a price-to-earnings ratio of 156.16 and a beta of 1.60. Brookfield Co. has a fifty-two week low of $38.18 and a fifty-two week 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.

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

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.77%. The ex-dividend date was Friday, March 14th. Brookfield's dividend payout ratio is presently 120.00%.

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.