Advisory Services Network LLC Has $909,000 Stake in Brookfield Co. (NYSE:BN)

Advisory Services Network LLC lessened its stake in Brookfield Co. (NYSE:BN - Free Report) by 42.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,820 shares of the company's stock after selling 11,683 shares during the period. Advisory Services Network LLC's holdings in Brookfield were worth $909,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Compass Planning Associates Inc bought a new position in Brookfield during the fourth quarter worth about $30,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Brookfield during the 4th quarter worth approximately $48,000. Promus Capital LLC acquired a new position in Brookfield during the fourth quarter valued at approximately $55,000. 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 in the last quarter. Finally, Albion Financial Group UT acquired a new stake in Brookfield in the fourth quarter worth $57,000. 61.60% of the stock is currently owned by institutional investors.

Brookfield Stock Performance

NYSE:BN traded up $0.87 during mid-day trading on Friday, hitting $49.70. 2,314,979 shares of the stock were exchanged, compared to its average volume of 2,802,850. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21. The firm's 50-day simple moving average is $53.20 and its 200 day simple moving average is $55.87. Brookfield Co. has a fifty-two week low of $38.51 and a fifty-two week high of $62.78. The stock has a market capitalization of $81.84 billion, a price-to-earnings ratio of 165.67 and a beta of 1.60.

Brookfield (NYSE:BN - Get Free Report) last issued its quarterly earnings results 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%. As a group, equities analysts anticipate that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield's dividend payout ratio is currently 120.00%.

Analyst Ratings Changes

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

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.