Lee Danner & Bass Inc. Sells 30,550 Shares of Brookfield Co. (NYSE:BN)

Lee Danner & Bass Inc. decreased its position in Brookfield Co. (NYSE:BN - Free Report) by 17.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 139,702 shares of the company's stock after selling 30,550 shares during the period. Lee Danner & Bass Inc.'s holdings in Brookfield were worth $5,605,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Fidelis Capital Partners LLC grew its position in Brookfield by 5.3% during the 4th quarter. Fidelis Capital Partners LLC now owns 7,334 shares of the company's stock worth $294,000 after acquiring an additional 372 shares during the last quarter. Maryland State Retirement & Pension System grew its position in Brookfield by 0.8% during the 3rd quarter. Maryland State Retirement & Pension System now owns 50,507 shares of the company's stock worth $1,580,000 after acquiring an additional 410 shares during the last quarter. Mckinley Capital Management LLC grew its position in Brookfield by 1.6% during the 3rd quarter. Mckinley Capital Management LLC now owns 26,074 shares of the company's stock worth $815,000 after acquiring an additional 410 shares during the last quarter. Moors & Cabot Inc. grew its position in Brookfield by 3.1% during the 3rd quarter. Moors & Cabot Inc. now owns 13,891 shares of the company's stock worth $434,000 after acquiring an additional 416 shares during the last quarter. Finally, Yousif Capital Management LLC grew its position in Brookfield by 1.6% during the 3rd quarter. Yousif Capital Management LLC now owns 27,117 shares of the company's stock worth $848,000 after acquiring an additional 420 shares during the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the firm's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $11.33, for a total value of $11,330,000.00. Following the completion of the transaction, the director now owns 15,492,168 shares in the company, valued at approximately $175,526,263.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.00% of the stock is owned by corporate insiders.

Brookfield Stock Up 1.6 %

Shares of BN traded up $0.61 during midday trading on Monday, hitting $39.61. The stock had a trading volume of 1,507,221 shares, compared to its average volume of 2,732,013. The company has a 50 day simple moving average of $40.75 and a two-hundred day simple moving average of $37.78. Brookfield Co. has a twelve month low of $28.84 and a twelve month high of $43.17. The firm has a market cap of $65.03 billion, a price-to-earnings ratio of 63.88 and a beta of 1.49. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.15 and a quick ratio of 0.99.

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

Brookfield Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th were issued a $0.08 dividend. This is a boost from Brookfield's previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.32 annualized dividend and a dividend yield of 0.81%. Brookfield's dividend payout ratio (DPR) is presently 51.61%.

Analysts Set New Price Targets

BN has been the topic of a number of recent research reports. BMO Capital Markets increased their price objective on Brookfield from $42.00 to $44.00 and gave the company an "outperform" rating in a research report on Friday, February 9th. CIBC increased their price objective on Brookfield from $46.00 to $52.00 and gave the company an "outperform" rating in a research report on Friday, February 9th. JPMorgan Chase & Co. increased their price objective on Brookfield from $48.00 to $52.00 and gave the company an "overweight" rating in a research report on Thursday, February 1st. TD Securities increased their price objective on Brookfield from $61.00 to $62.00 and gave the company an "action list buy" rating in a research report on Sunday, February 11th. Finally, TheStreet raised Brookfield from a "c" rating to a "b" rating in a research note on Thursday, February 8th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Brookfield presently has a consensus rating of "Moderate Buy" and a consensus 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.