BNP Paribas Has $11.05 Million Position in Brookfield Co. (NYSE:BN)

BNP Paribas cut its holdings in Brookfield Co. (NYSE:BN - Free Report) by 2.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 191,825 shares of the company's stock after selling 5,400 shares during the period. BNP Paribas' holdings in Brookfield were worth $11,052,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of BN. Compass Planning Associates Inc bought a new stake in shares of Brookfield during the 4th quarter worth approximately $30,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Brookfield during the fourth quarter worth $48,000. Transce3nd LLC acquired a new stake in shares of Brookfield in the 4th quarter valued at $51,000. Promus Capital LLC bought a new position in shares of Brookfield in the 4th quarter valued at $55,000. Finally, Pinnacle Bancorp Inc. raised its holdings in shares of Brookfield by 29.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock worth $56,000 after buying an additional 221 shares in the last quarter. 61.60% of the stock is owned by institutional investors.

Brookfield Trading Down 0.3 %

BN traded down $0.15 during midday trading on Tuesday, hitting $54.50. 1,870,814 shares of the company were exchanged, compared to its average volume of 2,760,259. The firm's 50 day moving average price is $51.67 and its 200-day moving average price is $55.83. Brookfield Co. has a 1-year low of $39.97 and a 1-year high of $62.78. The firm has a market capitalization of $89.78 billion, a P/E ratio of 181.66 and a beta of 1.64. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40.

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 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 forecast that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.09 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.66%. Brookfield's payout ratio is 120.00%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BN shares. Scotiabank lowered their target price on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a research note on Monday, April 7th. CIBC upped their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a research report on Thursday, January 23rd. Morgan Stanley cut their target price 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. TD Securities lowered their price target on shares of Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a report on Monday. Finally, JPMorgan Chase & Co. cut their price objective on Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $62.75.

Brookfield 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.