Brookfield Co. (NYSE:BN) Holdings Lowered by Axa S.A.

AXA S.A. lowered its stake in Brookfield Co. (NYSE:BN - Free Report) by 15.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 72,057 shares of the company's stock after selling 13,007 shares during the quarter. AXA S.A.'s holdings in Brookfield were worth $4,140,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Compass Planning Associates Inc acquired a new position in shares of Brookfield during the 4th quarter valued at about $30,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Brookfield in the 4th quarter valued at $48,000. Transce3nd LLC purchased a new stake in shares of Brookfield during the 4th quarter valued at $51,000. Promus Capital LLC purchased a new position in shares of Brookfield in the 4th quarter worth $55,000. Finally, Pinnacle Bancorp Inc. boosted its holdings 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 acquiring an additional 221 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company's stock.

Analyst Ratings Changes

BN has been the topic of several research analyst reports. Morgan Stanley reduced their price objective on Brookfield from $83.00 to $61.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. CIBC reduced their target price on shares of Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a report on Friday. TD Securities decreased their price target on shares of Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a research report on Monday, May 5th. JPMorgan Chase & Co. reduced their price objective on Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, Scotiabank dropped their target price on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a report on Monday, April 7th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $63.00.

Brookfield Stock Down 1.5 %

Shares of Brookfield stock traded down $0.88 during trading on Friday, reaching $56.73. The company had a trading volume of 2,381,674 shares, compared to its average volume of 2,741,240. The company has a market cap of $93.46 billion, a price-to-earnings ratio of 189.11 and a beta of 1.64. Brookfield Co. has a fifty-two week low of $39.97 and a fifty-two week high of $62.78. The firm's fifty day moving average is $51.71 and its 200-day moving average is $55.87. 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 (NYSE:BN - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.08. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. On average, analysts anticipate that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Friday, June 13th. Brookfield's dividend payout ratio is presently 128.57%.

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.