Wintrust Investments LLC Has $89,000 Stock Holdings in Brookfield Co. (NYSE:BN)

Wintrust Investments LLC trimmed its holdings in shares of Brookfield Co. (NYSE:BN) by 23.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,557 shares of the company’s stock after selling 480 shares during the period. Wintrust Investments LLC’s holdings in Brookfield were worth $89,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Pittenger & Anderson Inc. boosted its stake in shares of Brookfield by 14.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company’s stock worth $90,000 after buying an additional 203 shares during the last quarter. Pinnacle Bancorp Inc. boosted its stake in shares of Brookfield by 29.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after buying an additional 221 shares during the last quarter. Citizens Financial Group Inc. RI boosted its stake in shares of Brookfield by 5.8% during the 4th quarter. Citizens Financial Group Inc. RI now owns 4,350 shares of the company’s stock worth $250,000 after buying an additional 240 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Brookfield by 10.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company’s stock worth $148,000 after buying an additional 245 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Brookfield by 2.7% during the 4th quarter. Fisher Asset Management LLC now owns 9,873 shares of the company’s stock worth $567,000 after buying an additional 255 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Stock Down 3.3 %

Brookfield stock opened at $48.63 on Friday. The stock has a market cap of $80.05 billion, a P/E ratio of 162.10 and a beta of 1.65. 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 Co. has a twelve month low of $38.18 and a twelve month high of $62.78. The company’s 50-day moving average price is $57.82 and its two-hundred day moving average price is $55.84.

Brookfield (NYSE:BN) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, beating 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, analysts expect that Brookfield Co. will post 3.85 EPS for the current 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 paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s dividend payout ratio (DPR) is currently 120.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. TD Securities upped their target price on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $62.00 target price (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. CIBC upped their target price on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd. Morgan Stanley assumed coverage on shares of Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 target price on the stock. Finally, Scotiabank upped their target price on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a report on Monday, February 3rd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $64.00.

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.