Klingenstein Fields & Co. LP Sells 2,653 Shares of Brookfield Co. (NYSE:BN)

Klingenstein Fields & Co. LP trimmed its stake in Brookfield Co. (NYSE:BN) by 0.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 468,177 shares of the company’s stock after selling 2,653 shares during the period. Klingenstein Fields & Co. LP’s holdings in Brookfield were worth $26,897,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Brookfield by 131.9% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company’s stock worth $24,594,000 after buying an additional 263,375 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Brookfield by 5.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company’s stock worth $9,764,000 after purchasing an additional 9,915 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Brookfield by 10.9% during the 3rd quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company’s stock worth $320,670,000 after purchasing an additional 591,757 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Brookfield by 10.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company’s stock worth $189,507,000 after purchasing an additional 351,231 shares in the last quarter. Finally, Partners Group Holding AG grew its holdings in shares of Brookfield by 53.5% during the 3rd quarter. Partners Group Holding AG now owns 409,303 shares of the company’s stock worth $21,754,000 after purchasing an additional 142,603 shares in the last quarter. 61.60% of the stock is owned by institutional investors.

Brookfield Trading Up 3.0 %

NYSE:BN opened at $60.35 on Friday. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.78. The business’s 50-day moving average price is $58.42 and its two-hundred day moving average price is $54.43. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $99.33 billion, a price-to-earnings ratio of 128.41 and a beta of 1.57.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.74% and a net margin of 1.00%. On average, equities analysts expect that Brookfield Co. will post 3.83 earnings per share for the current year.

Brookfield Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s payout ratio is presently 68.09%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Morgan Stanley assumed coverage on Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective on the stock. CIBC boosted their price target on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday, January 23rd. Scotiabank boosted their price target on Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research note on Monday, February 3rd. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Finally, TD Securities lifted their price objective on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.