Intech Investment Management LLC Sells 37,188 Shares of Brookfield Co. (NYSE:BN)

Intech Investment Management LLC reduced its position in shares of Brookfield Co. (NYSE:BN - Free Report) by 50.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,914 shares of the company's stock after selling 37,188 shares during the period. Intech Investment Management LLC's holdings in Brookfield were worth $2,121,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Pittenger & Anderson Inc. grew its position in shares of Brookfield by 14.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company's stock valued at $90,000 after purchasing an additional 203 shares during the last quarter. Pinnacle Bancorp Inc. grew its holdings in 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 buying an additional 221 shares during the last quarter. Citizens Financial Group Inc. RI increased its position in 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 buying an additional 240 shares during the period. MassMutual Private Wealth & Trust FSB lifted 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 buying an additional 245 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of 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 currently owned by institutional investors and hedge funds.

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Brookfield Price Performance

Shares of NYSE BN traded up $0.02 during midday trading on Tuesday, reaching $55.37. 2,316,019 shares of the company traded hands, compared to its average volume of 2,550,541. The stock's 50-day simple moving average is $57.08 and its 200-day simple moving average is $56.08. 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. The firm has a market cap of $91.18 billion, a PE ratio of 184.57 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 EPS for the quarter, beating 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%. As a group, equities analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.09 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.65%. Brookfield's payout ratio is 120.00%.

Wall Street Analysts Forecast Growth

BN has been the topic of a number of research reports. TD Securities boosted their target price on shares of Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Morgan Stanley assumed coverage on shares of Brookfield in a report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 price objective on the stock. Scotiabank increased their target price on shares of Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a research note on Monday, February 3rd. Finally, CIBC boosted their price target on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $64.00.

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.