Brookfield Co. (NYSE:BN) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. decreased its position in Brookfield Co. (NYSE:BN - Free Report) by 7.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 623,098 shares of the company's stock after selling 46,982 shares during the period. Franklin Resources Inc.'s holdings in Brookfield were worth $33,937,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Blue Trust Inc. raised its position in Brookfield by 62.8% during the second quarter. Blue Trust Inc. now owns 705 shares of the company's stock worth $30,000 after acquiring an additional 272 shares during the period. Kings Path Partners LLC acquired a new position in shares of Brookfield during the 2nd quarter worth about $31,000. Family Firm Inc. purchased a new position in Brookfield in the 2nd quarter valued at about $36,000. First Personal Financial Services acquired a new stake in Brookfield in the 3rd quarter worth about $42,000. Finally, FSA Wealth Management LLC purchased a new stake in Brookfield during the 3rd quarter worth approximately $42,000. Institutional investors and hedge funds own 61.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BN shares. Scotiabank lifted their price target on Brookfield from $65.00 to $69.00 and gave the stock a "sector outperform" rating in a research note on Friday, November 15th. BMO Capital Markets restated an "outperform" rating and issued a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $55.31.

Brookfield Trading Up 0.1 %

NYSE:BN traded up $0.03 during trading hours on Thursday, hitting $55.49. The company had a trading volume of 3,119,304 shares, compared to its average volume of 2,727,725. Brookfield Co. has a 1 year low of $37.77 and a 1 year high of $62.44. The company has a market cap of $91.40 billion, a P/E ratio of 118.07 and a beta of 1.55. The company has a 50-day moving average of $57.10 and a 200 day moving average of $50.23. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.40.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Monday, December 16th. Brookfield's payout ratio is currently 68.09%.

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.