Brookfield Co. (NYSE:BN) Stock Position Reduced by Epiq Partners LLC

Epiq Partners LLC cut its holdings in shares of Brookfield Co. (NYSE:BN - Free Report) by 13.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,912 shares of the company's stock after selling 9,760 shares during the quarter. Brookfield comprises approximately 1.9% of Epiq Partners LLC's portfolio, making the stock its 17th biggest holding. Epiq Partners LLC's holdings in Brookfield were worth $3,557,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. APG Asset Management N.V. raised its holdings in shares of Brookfield by 224.2% during the 2nd quarter. APG Asset Management N.V. now owns 169,332 shares of the company's stock valued at $6,570,000 after buying an additional 117,100 shares during the period. Millennium Management LLC boosted its holdings in Brookfield by 221.6% in the second quarter. Millennium Management LLC now owns 345,545 shares of the company's stock worth $14,363,000 after purchasing an additional 238,104 shares during the period. Susquehanna Fundamental Investments LLC raised its holdings in shares of Brookfield by 37.0% during the second quarter. Susquehanna Fundamental Investments LLC now owns 70,000 shares of the company's stock worth $2,908,000 after purchasing an additional 18,900 shares during the period. Creative Planning lifted its position in shares of Brookfield by 1.2% in the 2nd quarter. Creative Planning now owns 326,427 shares of the company's stock worth $13,560,000 after buying an additional 3,879 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Brookfield by 4.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 164,176 shares of the company's stock valued at $6,820,000 after buying an additional 7,318 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company's stock.

Brookfield Price Performance

Shares of NYSE:BN traded up $0.31 during trading on Tuesday, reaching $60.40. The company had a trading volume of 1,369,908 shares, compared to its average volume of 2,481,049. The firm's fifty day moving average is $58.45 and its 200 day moving average is $53.43. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17. The firm has a market capitalization of $99.41 billion, a PE ratio of 128.52 and a beta of 1.56. Brookfield Co. has a twelve month low of $38.18 and a twelve month high of $62.44.

Brookfield Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Monday, December 16th. Brookfield's payout ratio is currently 68.09%.

Analysts Set New Price Targets

BN has been the subject of a number of research reports. Morgan Stanley initiated coverage on Brookfield in a research note on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 target price for the company. CIBC increased their target price on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a research report on Thursday, January 23rd. BMO Capital Markets reissued an "outperform" rating and set a $62.00 price target (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. Finally, Scotiabank increased their price objective on shares of Brookfield from $65.00 to $69.00 and gave the stock a "sector outperform" rating in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $60.06.

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.