Brookfield Co. (NYSE:BN) Shares Sold by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC cut its holdings in shares of Brookfield Co. (NYSE:BN) by 9.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,370 shares of the company’s stock after selling 550 shares during the period. Moody Lynn & Lieberson LLC’s holdings in Brookfield were worth $309,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on BN. Scotiabank upped their target price on shares of Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research note on Friday, November 15th. Morgan Stanley began coverage on Brookfield in a research note on Thursday. They set an “overweight” rating and a $80.00 price objective on the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Finally, CIBC upped their price target on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $60.06.

Brookfield Price Performance

Shares of NYSE BN opened at $61.09 on Friday. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.44. The firm has a market capitalization of $100.54 billion, a PE ratio of 129.97 and a beta of 1.56. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. The business’s fifty day moving average price is $58.30 and its two-hundred day moving average price is $53.15.

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 annualized dividend and a yield of 0.52%. Brookfield’s dividend payout ratio is presently 68.09%.

About Brookfield

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.