Janus Henderson Group PLC Sells 15,772 Shares of Brookfield Co. (NYSE:BN)

Janus Henderson Group PLC lowered its holdings in Brookfield Co. (NYSE:BN - Free Report) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 257,784 shares of the company's stock after selling 15,772 shares during the period. Janus Henderson Group PLC's holdings in Brookfield were worth $14,809,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC purchased a new stake in shares of Brookfield during the 4th quarter worth about $29,000. Compass Planning Associates Inc bought a new stake in shares of Brookfield in the fourth 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 acquired a new stake in Brookfield during the fourth quarter valued at approximately $51,000. Finally, Promus Capital LLC bought a new position in shares of Brookfield during the fourth quarter valued at $55,000. 61.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BN has been the subject of a number of research reports. 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, May 5th. Scotiabank reduced their price objective on shares of 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 cut their target price on shares of Brookfield from $74.00 to $72.00 and set an "outperformer" rating for the company in a research note on Friday, May 9th. Morgan Stanley lowered their price objective on Brookfield from $83.00 to $61.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. lowered 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. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $63.00.

Brookfield Trading Down 0.6%

Shares of BN traded down $0.34 during trading hours on Tuesday, hitting $59.03. The company had a trading volume of 2,118,509 shares, compared to its average volume of 2,726,892. 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 Co. has a 52-week low of $39.97 and a 52-week high of $62.78. The firm has a market cap of $97.25 billion, a P/E ratio of 196.77 and a beta of 1.64. The stock's 50 day moving average price is $52.64 and its 200 day moving average price is $56.13.

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, topping analysts' consensus estimates of $0.90 by $0.08. The business had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.36 billion. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. On average, research analysts predict that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Friday, June 13th. Brookfield's dividend payout ratio (DPR) is currently 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.