DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 1,068 Shares of Brookfield Co. (NYSE:BN)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main decreased its holdings in shares of Brookfield Co. (NYSE:BN) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,050 shares of the company’s stock after selling 1,068 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Brookfield were worth $462,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BN. Norges Bank bought a new stake in shares of Brookfield in the fourth quarter valued at approximately $973,591,000. Baillie Gifford & Co. raised its stake in Brookfield by 809.5% during the 4th quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company’s stock valued at $211,159,000 after purchasing an additional 3,271,403 shares during the last quarter. Regents of The University of California bought a new stake in Brookfield in the 4th quarter valued at $154,140,000. Geode Capital Management LLC boosted its holdings in Brookfield by 32.0% in the 4th quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company’s stock valued at $460,489,000 after purchasing an additional 1,930,218 shares during the period. Finally, Capital World Investors grew its position in Brookfield by 3.1% in the 4th quarter. Capital World Investors now owns 59,020,303 shares of the company’s stock worth $3,390,786,000 after purchasing an additional 1,782,034 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. TD Securities cut their price objective on shares of Brookfield from $77.00 to $74.00 and set a “buy” rating for the company in a research report on Monday, May 5th. Scotiabank cut their price target on Brookfield from $71.00 to $68.00 and set a “sector outperform” rating for the company in a report on Monday, April 7th. CIBC decreased their price objective on Brookfield from $74.00 to $72.00 and set an “outperformer” rating on the stock in a report on Friday. Morgan Stanley cut their target price on Brookfield from $83.00 to $61.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. reduced their target price on Brookfield from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Brookfield has a consensus rating of “Moderate Buy” and a consensus target price of $63.00.

Brookfield Trading Down 1.5%

Shares of BN opened at $56.73 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. The stock has a market cap of $93.46 billion, a PE ratio of 189.11 and a beta of 1.64. Brookfield Co. has a 1 year low of $39.97 and a 1 year high of $62.78. The stock has a 50 day simple moving average of $51.71 and a 200-day simple moving average of $55.89.

Brookfield (NYSE:BN) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.08. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. On average, sell-side analysts predict that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Friday, June 13th. Brookfield’s dividend payout ratio (DPR) is currently 128.57%.

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.