HighTower Advisors LLC Sells 10,636 Shares of Brookfield Co. (NYSE:BN)

HighTower Advisors LLC trimmed its position in shares of Brookfield Co. (NYSE:BN - Free Report) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 188,460 shares of the company's stock after selling 10,636 shares during the period. HighTower Advisors LLC's holdings in Brookfield were worth $10,827,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Brookfield by 131.9% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company's stock valued at $24,594,000 after purchasing an additional 263,375 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Brookfield by 5.7% during the third quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company's stock valued at $9,764,000 after purchasing an additional 9,915 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Brookfield by 10.9% during the third quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company's stock valued at $320,670,000 after purchasing an additional 591,757 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Brookfield by 10.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company's stock valued at $189,507,000 after purchasing an additional 351,231 shares in the last quarter. Finally, Partners Group Holding AG boosted its holdings in Brookfield by 53.5% during the third quarter. Partners Group Holding AG now owns 409,303 shares of the company's stock valued at $21,754,000 after purchasing an additional 142,603 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BN. CIBC boosted their target price on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a report on Thursday, January 23rd. TD Securities boosted their target price on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Scotiabank boosted their target price on Brookfield from $69.00 to $71.00 and gave the stock a "sector outperform" rating in a report on Monday, February 3rd. Finally, Morgan Stanley began coverage on Brookfield in a report on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 target price on the stock. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $64.00.

Brookfield Trading Down 0.7 %

BN stock traded down $0.41 during trading on Thursday, hitting $53.66. The company had a trading volume of 3,476,295 shares, compared to its average volume of 2,543,668. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. The firm has a 50-day moving average price of $57.20 and a 200-day moving average price of $55.90. Brookfield Co. has a 12 month low of $38.18 and a 12 month high of $62.78. The stock has a market cap of $88.32 billion, a price-to-earnings ratio of 178.86 and a beta of 1.65.

Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.13. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. As a group, 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 will be paid on Monday, March 31st. Shareholders 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 dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield's payout ratio is 120.00%.

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.