Brookfield Co. (NYSE:BN) Shares Sold by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. cut its stake in shares of Brookfield Co. (NYSE:BN) by 6.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 115,784 shares of the company’s stock after selling 8,218 shares during the period. Lee Danner & Bass Inc.’s holdings in Brookfield were worth $6,652,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Pittenger & Anderson Inc. increased its position in shares of Brookfield by 14.9% during the fourth quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company’s stock valued at $90,000 after acquiring an additional 203 shares during the last quarter. Pinnacle Bancorp Inc. grew its holdings in shares of 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 in the last quarter. Citizens Financial Group Inc. RI grew its holdings in shares of Brookfield by 5.8% in the fourth quarter. Citizens Financial Group Inc. RI now owns 4,350 shares of the company’s stock valued at $250,000 after purchasing an additional 240 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Brookfield by 10.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company’s stock valued at $148,000 after purchasing an additional 245 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Brookfield by 2.7% in the fourth quarter. Fisher Asset Management LLC now owns 9,873 shares of the company’s stock valued at $567,000 after purchasing an additional 255 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BN has been the subject of a number of research reports. TD Securities lifted their price objective on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Scotiabank lifted their price objective on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a report on Monday, February 3rd. 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. Finally, Morgan Stanley started coverage on shares of Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price objective for the company. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Brookfield has a consensus rating of “Moderate Buy” and an average target price of $64.00.

Brookfield Stock Down 0.7 %

Shares of Brookfield stock opened at $53.66 on Friday. Brookfield Co. has a 52-week low of $38.18 and a 52-week high of $62.78. The company has a 50 day moving average of $57.10 and a 200 day moving average of $55.88. 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 has a market capitalization of $88.35 billion, a P/E ratio of 178.86 and a beta of 1.65.

Brookfield (NYSE:BN) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (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 forecast that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.67%. Brookfield’s dividend payout ratio is presently 120.00%.

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.