LGT Capital Partners LTD. Sells 68,000 Shares of Brookfield Co. (NYSE:BN)

LGT Capital Partners LTD. reduced its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 8.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 724,000 shares of the company's stock after selling 68,000 shares during the period. Brookfield makes up 1.6% of LGT Capital Partners LTD.'s investment portfolio, making the stock its 20th biggest position. LGT Capital Partners LTD.'s holdings in Brookfield were worth $41,597,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Pittenger & Anderson Inc. boosted its holdings in Brookfield by 14.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company's stock valued at $90,000 after acquiring an additional 203 shares during the period. Pinnacle Bancorp Inc. increased its stake in shares of Brookfield by 29.5% in the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock worth $56,000 after buying an additional 221 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in Brookfield by 10.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company's stock valued at $148,000 after buying an additional 245 shares during the period. Fisher Asset Management LLC increased 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. Finally, Joel Isaacson & Co. LLC raised its stake in shares of Brookfield by 5.3% during the fourth quarter. Joel Isaacson & Co. LLC now owns 5,625 shares of the company's stock valued at $323,000 after acquiring an additional 283 shares during the last quarter. Institutional investors own 61.60% of the company's stock.

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Brookfield Stock Down 3.3 %

Shares of NYSE:BN traded down $1.65 on Thursday, hitting $48.63. 4,657,119 shares of the company traded hands, compared to its average volume of 2,526,000. The stock has a 50 day simple moving average of $57.82 and a 200-day simple moving average of $55.84. 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 company has a market cap of $80.05 billion, a PE ratio of 162.10 and a beta of 1.65. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.78.

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 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, research analysts expect 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 paid a dividend of $0.09 per share. The ex-dividend date is Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.74%. Brookfield's dividend payout ratio is 120.00%.

Analysts Set New Price Targets

A number of research firms have commented on BN. Scotiabank upped their price target on Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a research report on Monday, February 3rd. Morgan Stanley initiated coverage on shares of Brookfield in a research report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 price objective on the stock. TD Securities raised 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. CIBC lifted their price objective on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research report on Thursday, January 23rd. Finally, BMO Capital Markets restated an "outperform" rating and issued a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Brookfield has a consensus rating of "Moderate Buy" and an average target price of $64.00.

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.