Maryland State Retirement & Pension System Sells 8,262 Shares of Brookfield Co. (NYSE:BN)

Maryland State Retirement & Pension System cut its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 9.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,933 shares of the company's stock after selling 8,262 shares during the period. Maryland State Retirement & Pension System's holdings in Brookfield were worth $4,592,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Compass Planning Associates Inc bought a new stake in Brookfield in the 4th quarter valued at $30,000. FSA Wealth Management LLC bought a new stake in shares of Brookfield in the third quarter valued at about $42,000. Prestige Wealth Management Group LLC grew its stake in shares of Brookfield by 137.0% in the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company's stock valued at $46,000 after acquiring an additional 500 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in Brookfield during the fourth quarter worth about $48,000. Finally, Continuum Advisory LLC bought a new position in Brookfield during the third quarter worth about $55,000. Institutional investors own 61.60% of the company's stock.

Analyst Upgrades and Downgrades

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

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Brookfield Price Performance

Shares of Brookfield stock traded up $1.73 during trading on Monday, reaching $55.38. 2,277,263 shares of the company's stock were exchanged, compared to its average volume of 2,550,715. The firm's 50-day moving average price is $57.07 and its 200 day moving average price is $56.02. The company has a market cap of $91.19 billion, a P/E ratio of 184.60 and a beta of 1.65. 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 1-year low of $38.18 and a 1-year high of $62.78.

Brookfield (NYSE:BN - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, topping 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 anticipate that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

The business 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 of this dividend is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.65%. Brookfield's payout ratio is presently 120.00%.

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.