Brookfield Co. (NYSE:BN) Shares Sold by VisionPoint Advisory Group LLC

VisionPoint Advisory Group LLC lessened its stake in Brookfield Co. (NYSE:BN) by 20.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 22,351 shares of the company’s stock after selling 5,817 shares during the period. VisionPoint Advisory Group LLC’s holdings in Brookfield were worth $1,286,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Compass Planning Associates Inc acquired a new position in Brookfield in the 4th quarter worth about $30,000. First Personal Financial Services acquired a new position in Brookfield in the 3rd quarter worth about $42,000. FSA Wealth Management LLC acquired a new position in Brookfield in the 3rd quarter worth about $42,000. Prestige Wealth Management Group LLC raised its holdings in Brookfield by 137.0% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after purchasing an additional 500 shares during the period. Finally, Continuum Advisory LLC acquired a new position in Brookfield in the 3rd quarter worth about $55,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Price Performance

BN stock opened at $60.00 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The business has a 50 day simple moving average of $58.54 and a 200-day simple moving average of $54.89. The firm has a market capitalization of $98.76 billion, a PE ratio of 199.99 and a beta of 1.57. Brookfield Co. has a 1 year low of $38.18 and a 1 year high of $62.78.

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

Brookfield Dividend Announcement

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 given a $0.09 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.60%. Brookfield’s dividend payout ratio (DPR) is presently 106.67%.

Analyst Ratings Changes

BN has been the subject of a number of analyst reports. Morgan Stanley initiated coverage on Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price target for the company. CIBC upped their price target on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a report on Thursday, January 23rd. TD Securities upped their price target on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. BMO Capital Markets reissued an “outperform” rating and set a $62.00 target price (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. Finally, Scotiabank increased their target price on Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a report on Monday, February 3rd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $64.00.

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.