Cooke & Bieler LP Has $221.27 Million Holdings in Brookfield Co. (NYSE:BN)

Cooke & Bieler LP reduced its stake in Brookfield Co. (NYSE:BN - Free Report) by 19.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,851,538 shares of the company's stock after selling 945,538 shares during the quarter. Brookfield comprises approximately 2.1% of Cooke & Bieler LP's portfolio, making the stock its 11th biggest holding. Cooke & Bieler LP owned approximately 0.23% of Brookfield worth $221,271,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Pittenger & Anderson Inc. increased its holdings in shares of Brookfield by 14.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company's stock worth $90,000 after buying an additional 203 shares during the last quarter. Pinnacle Bancorp Inc. raised its stake in shares of Brookfield by 29.5% in the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock valued at $56,000 after purchasing an additional 221 shares in the last quarter. Citizens Financial Group Inc. RI grew its position in shares of Brookfield by 5.8% in the 4th quarter. Citizens Financial Group Inc. RI now owns 4,350 shares of the company's stock worth $250,000 after acquiring an additional 240 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Brookfield by 10.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company's stock worth $148,000 after purchasing an additional 245 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in Brookfield by 2.7% in the fourth quarter. Fisher Asset Management LLC now owns 9,873 shares of the company's stock valued at $567,000 after acquiring an additional 255 shares during the period. 61.60% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several research firms have recently commented on BN. Morgan Stanley assumed coverage on shares of Brookfield in a research report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 price target for the company. TD Securities upped 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. Scotiabank increased their price objective 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. BMO Capital Markets restated an "outperform" rating and issued a $62.00 target price (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Finally, CIBC lifted their price target on 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $64.00.

Brookfield Trading Up 3.7 %

BN traded up $1.78 during trading on Friday, reaching $50.42. The company had a trading volume of 2,653,925 shares, compared to its average volume of 2,528,285. The firm's 50-day simple moving average is $57.49 and its 200 day simple moving average is $55.80. The company has a market cap of $82.99 billion, a price-to-earnings ratio of 168.06 and a beta of 1.65. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21. Brookfield Co. has a 12-month low of $38.18 and a 12-month high of $62.78.

Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.13. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. Equities research analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.71%. The ex-dividend date is Friday, March 14th. Brookfield's payout ratio is 120.00%.

About Brookfield

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.