Janney Montgomery Scott LLC Raises Holdings in Brookfield Co. (NYSE:BN)

Janney Montgomery Scott LLC increased its position in Brookfield Co. (NYSE:BN) by 19.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 68,583 shares of the company’s stock after acquiring an additional 11,136 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Brookfield were worth $3,940,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BN. First Personal Financial Services purchased a new position in shares of Brookfield in the third quarter valued at $42,000. FSA Wealth Management LLC bought a new position in Brookfield in the 3rd quarter worth about $42,000. Prestige Wealth Management Group LLC grew its holdings in Brookfield by 137.0% during the 3rd 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 in the last quarter. Continuum Advisory LLC bought a new stake in shares of Brookfield during the third quarter valued at about $55,000. Finally, Pinnacle Bancorp Inc. lifted its holdings 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 buying an additional 221 shares in the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Stock Up 2.7 %

Shares of NYSE BN opened at $62.08 on Friday. The firm’s fifty day moving average is $58.62 and its 200 day moving average is $53.53. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.44. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. The company has a market cap of $102.17 billion, a price-to-earnings ratio of 132.09 and a beta of 1.56.

Brookfield Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BN shares. Morgan Stanley started coverage on shares of Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price on the stock. Scotiabank upped their price target on shares of Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a report on Friday, November 15th. CIBC lifted their price objective on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday, January 23rd. Finally, BMO Capital Markets restated 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 given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.06.

Brookfield 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.