CIBC Private Wealth Group LLC Trims Stock Holdings in Brookfield Co. (NYSE:BN)

CIBC Private Wealth Group LLC cut its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 0.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,409,411 shares of the company's stock after selling 17,061 shares during the quarter. CIBC Private Wealth Group LLC owned 0.15% of Brookfield worth $140,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Brookfield by 131.9% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company's stock worth $24,594,000 after acquiring an additional 263,375 shares during the period. Geode Capital Management LLC boosted its position in Brookfield by 10.9% during the 3rd quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company's stock valued at $320,670,000 after acquiring an additional 591,757 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Brookfield in the 3rd quarter worth approximately $6,485,000. Forsta AP Fonden boosted its position in shares of Brookfield by 4.9% during the fourth quarter. Forsta AP Fonden now owns 287,200 shares of the company's stock valued at $16,499,000 after purchasing an additional 13,300 shares in the last quarter. Finally, Chemistry Wealth Management LLC grew its stake in Brookfield by 10.1% in the fourth quarter. Chemistry Wealth Management LLC now owns 252,597 shares of the company's stock worth $14,512,000 after purchasing an additional 23,159 shares during the period. 61.60% of the stock is owned by hedge funds and other institutional investors.

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Brookfield Stock Performance

Brookfield stock traded down $2.33 during midday trading on Thursday, reaching $52.05. 3,766,749 shares of the company traded hands, compared to its average volume of 2,741,835. Brookfield Co. has a 12 month low of $38.18 and a 12 month high of $62.78. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The business has a 50 day moving average of $56.51 and a two-hundred day moving average of $56.31. The firm has a market capitalization of $85.71 billion, a price-to-earnings ratio of 173.51 and a beta of 1.65.

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, research analysts predict that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.09 per share. The ex-dividend date was Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.69%. Brookfield's dividend payout ratio (DPR) is 120.00%.

Analyst Upgrades and Downgrades

BN has been the subject of several research reports. CIBC increased their price target on shares of Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a research note on Thursday, January 23rd. Morgan Stanley assumed coverage on Brookfield in a research note on Thursday, January 23rd. They set an "overweight" rating and a $80.00 price objective for the company. Scotiabank increased their target price on Brookfield from $69.00 to $71.00 and gave the stock a "sector outperform" rating in a research note on Monday, February 3rd. Finally, TD Securities lifted their price target on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. One equities research 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, Brookfield has an average rating of "Moderate Buy" and a consensus price target of $64.00.

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.