SG Americas Securities LLC Sells 3,083,061 Shares of Brookfield Co. (NYSE:BN)

SG Americas Securities LLC lowered its stake in Brookfield Co. (NYSE:BN - Free Report) by 99.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,040 shares of the company's stock after selling 3,083,061 shares during the period. SG Americas Securities LLC's holdings in Brookfield were worth $321,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Wellington Management Group LLP raised its holdings in Brookfield by 4.6% in the 4th quarter. Wellington Management Group LLP now owns 1,100,913 shares of the company's stock worth $44,202,000 after acquiring an additional 48,610 shares during the period. GAMMA Investing LLC grew its holdings in Brookfield by 161.8% in the 1st quarter. GAMMA Investing LLC now owns 1,047 shares of the company's stock valued at $44,000 after buying an additional 647 shares during the last quarter. Park Avenue Securities LLC grew its holdings in Brookfield by 28.2% in the 1st quarter. Park Avenue Securities LLC now owns 31,391 shares of the company's stock valued at $1,315,000 after buying an additional 6,903 shares during the last quarter. Gulf International Bank UK Ltd lifted its holdings in shares of Brookfield by 7.6% during the first quarter. Gulf International Bank UK Ltd now owns 9,029 shares of the company's stock worth $377,000 after buying an additional 637 shares during the last quarter. Finally, Salem Investment Counselors Inc. bought a new stake in shares of Brookfield in the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 61.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of Brookfield from $48.00 to $50.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. upped their price objective on shares of Brookfield from $49.00 to $52.00 and gave the company an "overweight" rating in a research report on Wednesday, July 31st. TD Securities lifted their target price on Brookfield from $62.00 to $63.00 and gave the stock a "buy" rating in a research report on Monday, August 12th. Royal Bank of Canada lowered their price target on Brookfield from $57.00 to $56.00 and set an "outperform" rating on the stock in a research note on Friday, August 9th. Finally, Scotiabank raised their price objective on Brookfield from $50.50 to $51.25 and gave the stock a "sector outperform" rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Brookfield currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.59.

Brookfield Price Performance

NYSE BN traded up $1.06 during trading on Friday, reaching $56.39. 1,767,375 shares of the company traded hands, compared to its average volume of 2,904,365. Brookfield Co. has a 1-year low of $28.84 and a 1-year high of $56.68. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.03 and a current ratio of 1.20. The stock's 50 day moving average price is $50.34 and its two-hundred day moving average price is $45.56. The company has a market cap of $92.69 billion, a price-to-earnings ratio of 92.44 and a beta of 1.54.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.57. The firm had revenue of $23.05 billion for the quarter, compared to analysts' expectations of $1.24 billion. Brookfield had a return on equity of 3.67% and a net margin of 1.13%. The business's revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 earnings per share. As a group, analysts anticipate that Brookfield Co. will post 3.84 EPS for the current year.

Brookfield Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 12th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.57%. The ex-dividend date was Thursday, September 12th. Brookfield's dividend payout ratio is currently 52.46%.

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.