Invesco Ltd. reduced its holdings in Brookfield Co. (NYSE:BN - Free Report) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,176,158 shares of the company's stock after selling 146,218 shares during the period. Invesco Ltd. owned 0.25% of Brookfield worth $239,920,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BN. Haverford Trust Co increased its position in shares of Brookfield by 4.7% in the fourth quarter. Haverford Trust Co now owns 4,308 shares of the company's stock valued at $247,000 after acquiring an additional 192 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in shares of Brookfield by 1.2% during the 4th quarter. Orion Portfolio Solutions LLC now owns 16,616 shares of the company's stock worth $955,000 after purchasing an additional 197 shares during the last quarter. Pittenger & Anderson Inc. raised its stake 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 purchasing an additional 203 shares in the last quarter. Pinnacle Bancorp Inc. boosted its holdings 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 buying an additional 221 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its stake in shares of Brookfield by 5.8% in the fourth quarter. Citizens Financial Group Inc. RI now owns 4,350 shares of the company's stock valued at $250,000 after buying an additional 240 shares in the last quarter. 61.60% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
BN has been the topic of several analyst reports. CIBC upped their price target on shares of Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a research report on Thursday, January 23rd. Scotiabank dropped their target price on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a report on Monday, April 7th. TD Securities lifted their price target on Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Finally, Morgan Stanley dropped their price objective on Brookfield from $83.00 to $61.00 and set an "overweight" rating on the stock in a research note on Monday. One 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 a consensus rating of "Moderate Buy" and a consensus target price of $61.25.
View Our Latest Report on Brookfield
Brookfield Price Performance
NYSE BN traded down $0.07 on Wednesday, hitting $49.27. 694,503 shares of the company's stock were exchanged, compared to its average volume of 3,126,024. Brookfield Co. has a 52 week low of $38.32 and a 52 week high of $62.78. The stock has a 50-day moving average of $53.79 and a 200-day moving average of $55.97. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. The stock has a market cap of $81.13 billion, a price-to-earnings ratio of 164.24 and a beta of 1.60.
Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. Analysts expect that Brookfield Co. will post 3.85 earnings per share for the current year.
Brookfield Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.09 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.73%. Brookfield's payout ratio is presently 120.00%.
About Brookfield
(
Free Report)
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.
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