Brookfield Co. (NYSE:BN) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC reduced its stake in Brookfield Co. (NYSE:BN) by 11.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,357 shares of the company’s stock after selling 444 shares during the quarter. Farther Finance Advisors LLC’s holdings in Brookfield were worth $193,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Compass Planning Associates Inc acquired a new position in shares of Brookfield during the fourth quarter worth approximately $30,000. FSA Wealth Management LLC acquired a new position in shares of Brookfield during the third quarter worth approximately $42,000. Prestige Wealth Management Group LLC boosted its position in shares of Brookfield by 137.0% during the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after buying an additional 500 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Brookfield during the fourth quarter worth approximately $48,000. Finally, Continuum Advisory LLC bought a new stake in Brookfield during the third quarter worth approximately $55,000. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BN has been the topic of several recent analyst reports. Morgan Stanley initiated coverage on Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price on the stock. Scotiabank boosted their target price on Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a report on Monday, February 3rd. TD Securities boosted their target price on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, CIBC boosted their target price on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Brookfield presently has a consensus rating of “Moderate Buy” and an average target price of $64.00.

Brookfield Price Performance

NYSE BN opened at $54.12 on Thursday. The business’s fifty day moving average is $57.20 and its two-hundred day moving average is $55.90. 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 1 year low of $38.18 and a 1 year high of $62.78. The stock has a market capitalization of $89.08 billion, a P/E ratio of 180.39 and a beta of 1.65.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.88 by $0.13. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. On average, research analysts forecast that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s dividend payout ratio is currently 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.