State of Tennessee Department of Treasury Sells 430 Shares of Brookfield Co. (NYSE:BN)

State of Tennessee Department of Treasury lessened its stake in Brookfield Co. (NYSE:BN) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 823,927 shares of the company’s stock after selling 430 shares during the quarter. State of Tennessee Department of Treasury owned about 0.05% of Brookfield worth $47,332,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BN. Compass Planning Associates Inc acquired a new position in shares of Brookfield during the 4th quarter worth $30,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Brookfield in the fourth quarter worth about $48,000. Transce3nd LLC acquired a new stake in shares of Brookfield in the 4th quarter valued at approximately $51,000. Promus Capital LLC bought a new stake in shares of Brookfield during the 4th quarter valued at approximately $55,000. Finally, Pinnacle Bancorp Inc. lifted its stake in Brookfield by 29.5% in the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock valued at $56,000 after purchasing an additional 221 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. CIBC boosted their target price on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. TD Securities increased their target price on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Morgan Stanley cut their price target on Brookfield from $83.00 to $61.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Scotiabank dropped their price objective on shares of Brookfield from $71.00 to $68.00 and set a “sector outperform” rating for the company in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. cut their target price on shares of Brookfield from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.88.

Brookfield Stock Performance

NYSE:BN opened at $48.06 on Tuesday. 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 fifty-two week low of $38.89 and a fifty-two week high of $62.78. The company has a 50 day simple moving average of $52.99 and a two-hundred day simple moving average of $55.88. The company has a market capitalization of $79.14 billion, a PE ratio of 160.21 and a beta of 1.60.

Brookfield (NYSE:BN) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, topping 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%. Research analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield’s dividend payout ratio is 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.