Aristotle Capital Management LLC Sells 152,805 Shares of Brookfield Co. (NYSE:BN)

Aristotle Capital Management LLC cut its holdings in shares of Brookfield Co. (NYSE:BN) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,777,064 shares of the company’s stock after selling 152,805 shares during the period. Aristotle Capital Management LLC owned about 0.29% of Brookfield worth $274,435,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of Brookfield by 521.1% in the third quarter. Barclays PLC now owns 71,402 shares of the company’s stock valued at $3,794,000 after buying an additional 59,906 shares during the period. Virtu Financial LLC bought a new stake in Brookfield in the third quarter valued at approximately $211,000. Wilmington Savings Fund Society FSB acquired a new stake in Brookfield during the 3rd quarter valued at approximately $784,000. GAMMA Investing LLC raised its holdings in Brookfield by 85.5% during the 4th quarter. GAMMA Investing LLC now owns 1,957 shares of the company’s stock worth $112,000 after purchasing an additional 902 shares during the last quarter. Finally, Canandaigua National Trust Co of Florida acquired a new position in shares of Brookfield in the 4th quarter worth approximately $368,000. 61.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BN shares. Scotiabank lowered their target price on shares of Brookfield from $71.00 to $68.00 and set a “sector outperform” rating for the company in a research note on Monday, April 7th. Morgan Stanley lowered their price objective on Brookfield from $83.00 to $61.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. cut their target price on Brookfield from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. TD Securities lifted their target price on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, CIBC raised their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday, January 23rd. 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.88.

Brookfield Trading Up 2.7 %

NYSE BN opened at $55.52 on Friday. Brookfield Co. has a 52 week low of $39.97 and a 52 week high of $62.78. The business has a 50 day moving average price of $51.78 and a 200-day moving average price of $55.84. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. The company has a market cap of $91.47 billion, a price-to-earnings ratio of 185.07 and a beta of 1.60.

Brookfield (NYSE:BN) last released 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%. As a group, equities analysts expect that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.65%. Brookfield’s dividend payout ratio (DPR) is currently 120.00%.

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.