Stifel Financial Corp Sells 5,893 Shares of Brookfield Co. (NYSE:BN)

Stifel Financial Corp trimmed its holdings in shares of Brookfield Co. (NYSE:BN - Free Report) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,569,387 shares of the company's stock after selling 5,893 shares during the quarter. Stifel Financial Corp owned 0.10% of Brookfield worth $90,162,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of BN. Transce3nd LLC bought a new position in Brookfield during the 4th quarter worth approximately $51,000. Mirabella Financial Services LLP bought a new stake in shares of Brookfield during the 4th quarter valued at about $1,108,000. Natixis grew its stake in Brookfield by 138.2% during the fourth quarter. Natixis now owns 25,519 shares of the company's stock worth $1,466,000 after purchasing an additional 14,804 shares during the period. Capital World Investors grew its position in shares of Brookfield by 3.1% during the 4th quarter. Capital World Investors now owns 59,020,303 shares of the company's stock worth $3,390,786,000 after buying an additional 1,782,034 shares during the period. Finally, Carbahal Olsen Financial Services Group LLC acquired a new position in shares of Brookfield during the 4th quarter valued at $438,000. Institutional investors own 61.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. TD Securities increased their price objective 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 lowered their price objective on shares of Brookfield from $83.00 to $61.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. CIBC lifted their price objective on shares of Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a report on Thursday, January 23rd. Scotiabank cut their price target on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $62.88.

Brookfield Price Performance

BN traded up $0.41 during trading on Friday, reaching $53.33. 2,976,436 shares of the company were exchanged, compared to its average volume of 2,815,017. Brookfield Co. has a 12-month low of $39.78 and a 12-month high of $62.78. The company has a market cap of $87.86 billion, a price-to-earnings ratio of 177.77 and a beta of 1.60. 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's 50-day moving average is $52.27 and its two-hundred day moving average is $55.82.

Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) 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%. Research analysts forecast that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield's dividend payout ratio is currently 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.