Freedom Investment Management Inc. Trims Stake in Brookfield Co. (NYSE:BN)

Freedom Investment Management Inc. decreased its position in shares of Brookfield Co. (NYSE:BN) by 13.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,069 shares of the company’s stock after selling 1,583 shares during the quarter. Freedom Investment Management Inc.’s holdings in Brookfield were worth $578,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. MML Investors Services LLC boosted its stake in Brookfield by 11.2% during the 3rd quarter. MML Investors Services LLC now owns 13,372 shares of the company’s stock worth $711,000 after purchasing an additional 1,347 shares during the period. Barclays PLC grew its holdings in shares of Brookfield by 521.1% during the third quarter. Barclays PLC now owns 71,402 shares of the company’s stock worth $3,794,000 after buying an additional 59,906 shares during the last quarter. Virtu Financial LLC acquired a new position in Brookfield in the 3rd quarter valued at about $211,000. Wilmington Savings Fund Society FSB acquired a new stake in Brookfield during the 3rd quarter worth approximately $784,000. Finally, Blankinship & Foster LLC purchased a new position in shares of Brookfield in the 3rd quarter valued at approximately $32,389,000. 61.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Brookfield Stock Up 1.8 %

BN stock opened at $49.70 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. The company’s 50-day moving average price is $53.20 and its 200 day moving average price is $55.92. Brookfield Co. has a 52 week low of $38.89 and a 52 week high of $62.78. The company has a market cap of $81.84 billion, a P/E ratio of 165.67 and a beta of 1.60.

Brookfield (NYSE:BN) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. On average, research analysts expect that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Friday, March 14th. Brookfield’s dividend payout ratio (DPR) 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.