Aristotle Capital Management LLC Trims Stake in Brookfield Co. (NYSE:BN)

Aristotle Capital Management LLC lowered its stake in Brookfield Co. (NYSE:BN - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,777,064 shares of the company's stock after selling 152,805 shares during the quarter. Aristotle Capital Management LLC owned approximately 0.29% of Brookfield worth $274,435,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in BN. Forsta AP Fonden grew its stake in Brookfield by 4.9% during the fourth quarter. Forsta AP Fonden now owns 287,200 shares of the company's stock valued at $16,499,000 after acquiring an additional 13,300 shares in the last quarter. Chemistry Wealth Management LLC increased its holdings in shares of Brookfield by 10.1% in the fourth quarter. Chemistry Wealth Management LLC now owns 252,597 shares of the company's stock worth $14,512,000 after purchasing an additional 23,159 shares during the period. Triangle Securities Wealth Management raised its position in shares of Brookfield by 11.2% in the fourth quarter. Triangle Securities Wealth Management now owns 90,137 shares of the company's stock worth $5,178,000 after buying an additional 9,048 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Brookfield by 19.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 68,583 shares of the company's stock valued at $3,940,000 after buying an additional 11,136 shares during the period. Finally, Guerra Pan Advisors LLC purchased a new position in Brookfield during the fourth quarter worth about $321,000. Hedge funds and other institutional investors own 61.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BN shares. Morgan Stanley dropped their price target on Brookfield from $83.00 to $61.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. decreased their price target on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. TD Securities cut their target price on shares of Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a research report on Monday. Scotiabank lowered their price target 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. Finally, CIBC upped their price objective on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Brookfield has an average rating of "Moderate Buy" and an average price target of $62.75.

Brookfield Trading Up 2.2 %

Brookfield stock traded up $1.18 during trading hours on Wednesday, reaching $55.71. The stock had a trading volume of 3,126,575 shares, compared to its average volume of 2,761,718. The stock has a market cap of $91.78 billion, a PE ratio of 185.71 and a beta of 1.64. The company has a fifty day simple moving average of $51.67 and a 200-day simple moving average of $55.83. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. Brookfield Co. has a 52 week low of $39.97 and a 52 week high of $62.78.

Brookfield (NYSE:BN - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, beating 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%. Analysts forecast that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.09 per share. The ex-dividend date was Friday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.65%. 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.