Brookfield Co. (NYSE:BN) is Cooke & Bieler LP's 10th Largest Position

Cooke & Bieler LP trimmed its position in Brookfield Co. (NYSE:BN - Free Report) by 20.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,912,434 shares of the company's stock after selling 1,560,133 shares during the period. Brookfield makes up approximately 2.1% of Cooke & Bieler LP's portfolio, making the stock its 10th biggest position. Cooke & Bieler LP owned approximately 0.36% of Brookfield worth $237,207,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FinTrust Capital Advisors LLC bought a new stake in Brookfield during the 3rd quarter worth approximately $25,000. Sunbelt Securities Inc. increased its holdings in Brookfield by 4,670.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 811 shares of the company's stock worth $25,000 after purchasing an additional 794 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in Brookfield during the 3rd quarter worth approximately $30,000. Ronald Blue Trust Inc. increased its holdings in Brookfield by 102.6% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,021 shares of the company's stock worth $34,000 after purchasing an additional 517 shares in the last quarter. Finally, Castleview Partners LLC bought a new stake in Brookfield during the 3rd quarter worth approximately $34,000. 61.60% of the stock is owned by institutional investors.

Insider Buying and Selling at Brookfield

In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the company's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $11.33, for a total value of $11,330,000.00. Following the transaction, the director now owns 15,492,168 shares of the company's stock, valued at $175,526,263.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 11.00% of the company's stock.

Brookfield Stock Performance

Brookfield stock traded up $0.41 during trading on Friday, hitting $38.99. The stock had a trading volume of 2,106,077 shares, compared to its average volume of 3,113,380. Brookfield Co. has a 1 year low of $28.84 and a 1 year high of $43.17. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.35. The stock's 50 day moving average is $40.78 and its two-hundred day moving average is $37.71. The stock has a market cap of $64.02 billion, a price-to-earnings ratio of 62.89 and a beta of 1.49.

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

Brookfield Increases Dividend

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

Wall Street Analysts Forecast Growth

BN has been the subject of a number of recent research reports. Canaccord Genuity Group boosted their price objective on Brookfield from $41.00 to $42.50 and gave the stock a "hold" rating in a report on Friday, February 9th. CIBC boosted their target price on Brookfield from $46.00 to $52.00 and gave the stock an "outperform" rating in a research note on Friday, February 9th. JPMorgan Chase & Co. boosted their target price on Brookfield from $48.00 to $52.00 and gave the stock an "overweight" rating in a research note on Thursday, February 1st. TD Securities boosted their target price on Brookfield from $61.00 to $62.00 and gave the stock an "action list buy" rating in a research note on Sunday, February 11th. Finally, BMO Capital Markets boosted their target price on Brookfield from $42.00 to $44.00 and gave the stock an "outperform" rating in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $47.45.

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.