Epiq Partners LLC Sells 9,760 Shares of Brookfield Co. (NYSE:BN)

Epiq Partners LLC cut its stake in shares of Brookfield Co. (NYSE:BN) by 13.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,912 shares of the company’s stock after selling 9,760 shares during the quarter. Brookfield makes up approximately 1.9% of Epiq Partners LLC’s holdings, making the stock its 17th biggest position. Epiq Partners LLC’s holdings in Brookfield were worth $3,557,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Personal Financial Services purchased a new stake in shares of Brookfield during the third quarter worth about $42,000. FSA Wealth Management LLC purchased a new stake in Brookfield during the 3rd quarter valued at approximately $42,000. Prestige Wealth Management Group LLC raised its position in shares of Brookfield by 137.0% during the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after buying an additional 500 shares during the last quarter. Continuum Advisory LLC purchased a new position in shares of Brookfield in the third quarter worth $55,000. Finally, Pinnacle Bancorp Inc. boosted its position in shares of Brookfield by 29.5% during 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 last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Trading Down 1.6 %

Shares of BN opened at $60.10 on Tuesday. The firm has a market capitalization of $98.92 billion, a price-to-earnings ratio of 127.88 and a beta of 1.56. The company has a 50-day moving average of $58.38 and a 200 day moving average of $53.32. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.44. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid 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 0.53%. Brookfield’s dividend payout ratio (DPR) is currently 68.09%.

Analysts Set New Price Targets

A number of analysts have issued reports on BN shares. CIBC lifted their price target 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 initiated coverage on Brookfield in a research note on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price target for the company. Scotiabank raised their price target on Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a report on Friday, November 15th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $62.00 target price (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.06.

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.