Allspring Global Investments Holdings LLC Sells 37,271 Shares of Brookfield Co. (NYSE:BN)

Allspring Global Investments Holdings LLC reduced its holdings in Brookfield Co. (NYSE:BN - Free Report) by 20.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,218 shares of the company's stock after selling 37,271 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Brookfield were worth $5,706,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. FinTrust Capital Advisors LLC acquired a new position in shares of Brookfield during the 3rd quarter worth approximately $25,000. Sunbelt Securities Inc. lifted its position in shares of Brookfield by 4,670.6% in the third quarter. Sunbelt Securities Inc. now owns 811 shares of the company's stock valued at $25,000 after acquiring an additional 794 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Brookfield in the third quarter valued at $30,000. Ronald Blue Trust Inc. boosted its stake in shares of Brookfield by 102.6% during the third quarter. Ronald Blue Trust Inc. now owns 1,021 shares of the company's stock valued at $34,000 after acquiring an additional 517 shares during the last quarter. Finally, Castleview Partners LLC purchased a new stake in shares of Brookfield during the third quarter worth about $34,000. Hedge funds and other institutional investors own 61.60% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BN shares. JPMorgan Chase & Co. raised their price target on Brookfield from $48.00 to $52.00 and gave the stock an "overweight" rating in a research note on Thursday, February 1st. BMO Capital Markets upped their price target on shares of Brookfield from $42.00 to $44.00 and gave the stock an "outperform" rating in a research report on Friday, February 9th. TheStreet raised Brookfield from a "c" rating to a "b" rating in a research report on Thursday, February 8th. Canaccord Genuity Group raised their target price on shares of Brookfield from $41.00 to $42.50 and gave the company a "hold" rating in a research note on Friday, February 9th. Finally, Scotiabank increased their target price on Brookfield from $49.00 to $50.00 and gave the company a "sector outperform" rating in a research note on Friday, February 9th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Brookfield currently has a consensus rating of "Moderate Buy" and an average target price of $47.45.

Insider Buying and Selling

In other Brookfield news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the business's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $11.33, for a total transaction of $11,330,000.00. Following the sale, the director now directly owns 15,492,168 shares of the company's stock, valued at approximately $175,526,263.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 11.00% of the stock is currently owned by company insiders.

Brookfield Price Performance

Shares of BN stock traded up $0.41 during midday trading on Friday, reaching $38.99. 2,050,802 shares of the company were exchanged, compared to its average volume of 2,747,767. The company's 50 day moving average price is $40.78 and its two-hundred day moving average price is $37.61. The company has a market cap of $64.02 billion, a P/E ratio of 62.89 and a beta of 1.49. Brookfield Co. has a 12 month low of $28.84 and a 12 month high of $43.17. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.99 and a current ratio of 1.15.

Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.14. Brookfield had a return on equity of 3.22% and a net margin of 1.18%. The company had revenue of $24.52 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the business earned $1.12 EPS. The company's quarterly revenue was up 1.3% compared to the same quarter last year. On average, sell-side analysts expect that Brookfield Co. will post 3.75 earnings per share for the current year.

Brookfield Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.82%. This is an increase from Brookfield's previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Tuesday, March 12th. Brookfield's dividend payout ratio is currently 51.61%.

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.