Brookfield Co. (NYSE:BN) Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. reduced its position in shares of Brookfield Co. (NYSE:BN) by 13.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,069 shares of the company’s stock after selling 1,583 shares during the period. Freedom Investment Management Inc.’s holdings in Brookfield were worth $578,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in BN. Compass Planning Associates Inc purchased a new stake in shares of Brookfield in the fourth quarter valued at about $30,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Brookfield in the 4th quarter valued at approximately $48,000. Promus Capital LLC acquired a new stake in shares of Brookfield during the 4th quarter worth approximately $55,000. Pinnacle Bancorp Inc. raised its position in shares of Brookfield by 29.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock valued at $56,000 after buying an additional 221 shares during the period. Finally, Albion Financial Group UT acquired a new position in Brookfield in the fourth quarter valued at approximately $57,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Performance

Shares of BN opened at $49.70 on Monday. The stock has a 50-day simple moving average of $53.20 and a 200-day simple moving average of $55.92. 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 $38.89 and a 1 year high of $62.78. The stock has a market capitalization of $81.84 billion, a PE ratio of 165.67 and a beta of 1.60.

Brookfield (NYSE:BN) last posted its quarterly 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, analysts predict that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 yield of 0.72%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield’s dividend payout ratio (DPR) is 120.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on BN shares. TD Securities increased their price target on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. CIBC increased their target price on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. Scotiabank reduced their price target on shares of Brookfield from $71.00 to $68.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 7th. Morgan Stanley lowered their price objective on shares of Brookfield from $83.00 to $61.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. cut their target price on Brookfield from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $62.88.

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.