Brookfield Co. (NYSE:BN) Shares Sold by Principal Securities Inc.

Principal Securities Inc. lowered its position in Brookfield Co. (NYSE:BN - Free Report) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,528 shares of the company's stock after selling 4,637 shares during the quarter. Principal Securities Inc.'s holdings in Brookfield were worth $3,937,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. First Personal Financial Services purchased a new position in Brookfield in the third quarter valued at approximately $42,000. FSA Wealth Management LLC purchased a new position in Brookfield in the third quarter valued at approximately $42,000. Prestige Wealth Management Group LLC increased its stake in 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 purchasing an additional 500 shares during the last quarter. Continuum Advisory LLC purchased a new position in Brookfield in the third quarter valued at approximately $55,000. Finally, Pinnacle Bancorp Inc. increased its stake in Brookfield by 29.5% in the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock valued at $56,000 after purchasing an additional 221 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company's stock.

Brookfield Price Performance

Shares of NYSE BN traded down $0.52 during trading on Thursday, hitting $60.00. 1,397,335 shares of the company were exchanged, compared to its average volume of 2,220,346. The company has a market cap of $98.76 billion, a price-to-earnings ratio of 199.99 and a beta of 1.57. Brookfield Co. has a 1 year low of $38.18 and a 1 year high of $62.78. The firm's fifty day moving average price is $58.53 and its 200 day moving average price is $54.86. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09.

Brookfield (NYSE:BN - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.88 by $0.13. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. On average, sell-side analysts expect that Brookfield Co. will post 3.9 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. Investors of record on Friday, March 14th will be given a $0.09 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.60%. Brookfield's dividend payout ratio is presently 106.67%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BN shares. CIBC raised their target price 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. 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. Morgan Stanley started 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. BMO Capital Markets restated an "outperform" rating and set a $62.00 target price (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Finally, Scotiabank raised their target price on shares of Brookfield from $69.00 to $71.00 and gave the stock a "sector outperform" rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus 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.