Townsquare Capital LLC Sells 16,101 Shares of Brookfield Co. (NYSE:BN)

Townsquare Capital LLC trimmed its position in Brookfield Co. (NYSE:BN - Free Report) by 13.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,433 shares of the company's stock after selling 16,101 shares during the quarter. Townsquare Capital LLC's holdings in Brookfield were worth $5,885,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Rockefeller Capital Management L.P. increased its stake in Brookfield by 6.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 191,926 shares of the company's stock worth $11,025,000 after acquiring an additional 11,298 shares during the last quarter. Sterling Capital Management LLC lifted its position in Brookfield by 3,360.6% during the fourth quarter. Sterling Capital Management LLC now owns 308,239 shares of the company's stock valued at $17,708,000 after purchasing an additional 299,332 shares during the last quarter. Quinn Opportunity Partners LLC grew its stake in Brookfield by 66.5% in the 4th quarter. Quinn Opportunity Partners LLC now owns 62,600 shares of the company's stock worth $3,596,000 after buying an additional 25,000 shares in the last quarter. Legacy Financial Advisors Inc. raised its position in shares of Brookfield by 4.4% during the 4th quarter. Legacy Financial Advisors Inc. now owns 9,306 shares of the company's stock valued at $535,000 after buying an additional 390 shares in the last quarter. Finally, Scotia Capital Inc. lifted its holdings in shares of Brookfield by 2.4% during the 4th quarter. Scotia Capital Inc. now owns 6,857,180 shares of the company's stock worth $392,500,000 after acquiring an additional 158,859 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BN has been the subject of several research analyst reports. 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 note on Monday, April 14th. Scotiabank reduced their price target on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 7th. TD Securities boosted their price objective on shares of Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. CIBC lifted their target price 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. Finally, 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $62.88.

Brookfield Trading Up 1.8 %

Shares of NYSE BN traded up $0.87 during trading hours on Friday, hitting $49.70. The company's stock had a trading volume of 2,314,979 shares, compared to its average volume of 2,802,850. The business has a 50-day simple moving average of $53.20 and a 200-day simple moving average of $55.87. The stock has a market cap of $81.84 billion, a price-to-earnings ratio of 165.67 and a beta of 1.60. 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 Co. has a 12 month low of $38.51 and a 12 month high of $62.78.

Brookfield (NYSE:BN - Get Free Report) last issued its quarterly earnings data 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, analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 0.72%. 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.