Callan Capital LLC Sells 1,522 Shares of Brookfield Co. (NYSE:BN)

Callan Capital LLC lessened its holdings in Brookfield Co. (NYSE:BN) by 19.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,338 shares of the company’s stock after selling 1,522 shares during the period. Callan Capital LLC’s holdings in Brookfield were worth $364,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Pittenger & Anderson Inc. boosted its stake in shares of Brookfield by 14.9% during the fourth quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company’s stock valued at $90,000 after purchasing an additional 203 shares in the last quarter. Pinnacle Bancorp Inc. lifted its stake in shares of Brookfield by 29.5% in the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after acquiring an additional 221 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Brookfield by 10.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company’s stock worth $148,000 after acquiring an additional 245 shares during the period. Joel Isaacson & Co. LLC lifted its stake in shares of Brookfield by 5.3% in the fourth quarter. Joel Isaacson & Co. LLC now owns 5,625 shares of the company’s stock worth $323,000 after acquiring an additional 283 shares during the period. Finally, First Trust Direct Indexing L.P. lifted its stake in shares of Brookfield by 2.9% in the third quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company’s stock worth $551,000 after acquiring an additional 292 shares during the period. 61.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on BN. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 price target (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Morgan Stanley began coverage on Brookfield in a research note on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price target on the stock. TD Securities boosted their price target on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. 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. Finally, 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. One equities 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 presently has an average rating of “Moderate Buy” and an average target price of $64.00.

Brookfield Trading Down 2.3 %

NYSE BN opened at $58.68 on Friday. The company has a market cap of $96.59 billion, a price-to-earnings ratio of 195.60 and a beta of 1.57. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.78. The business has a 50 day moving average price of $58.54 and a 200-day moving average price of $55.07. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40.

Brookfield (NYSE:BN) last released its quarterly earnings data 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 return on equity of 3.93% and a net margin of 0.75%. As a group, equities analysts expect 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. 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. This represents a $0.36 annualized dividend and a yield of 0.61%. Brookfield’s dividend payout ratio (DPR) is currently 106.67%.

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.