Blue Trust Inc. Increases Position in Brookfield Co. (NYSE:BN)

Blue Trust Inc. lifted its holdings in shares of Brookfield Co. (NYSE:BN) by 21.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,375 shares of the company’s stock after acquiring an additional 412 shares during the quarter. Blue Trust Inc.’s holdings in Brookfield were worth $126,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of BN. First Personal Financial Services bought a new stake in shares of Brookfield during the 3rd quarter worth $42,000. FSA Wealth Management LLC bought a new stake in Brookfield in the third quarter worth about $42,000. Prestige Wealth Management Group LLC boosted its stake in Brookfield by 137.0% in the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after acquiring an additional 500 shares during the last quarter. Continuum Advisory LLC bought a new position in shares of Brookfield during the 3rd quarter valued at approximately $55,000. Finally, Pinnacle Bancorp Inc. increased 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 purchasing an additional 221 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Price Performance

Shares of Brookfield stock opened at $59.66 on Thursday. The company has a fifty day moving average of $58.61 and a 200-day moving average of $53.95. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17. Brookfield Co. has a 52-week low of $38.18 and a 52-week high of $62.78. The stock has a market capitalization of $98.20 billion, a price-to-earnings ratio of 126.95 and a beta of 1.57.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Monday, December 16th. Brookfield’s dividend payout ratio is presently 68.09%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Scotiabank upped their price objective on Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research note on Monday. Morgan Stanley began coverage on Brookfield in a research report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price on the stock. CIBC raised their price objective on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research report on Thursday, January 23rd. Finally, BMO Capital Markets reissued an “outperform” rating and set a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Two research 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 $60.28.

Brookfield Company 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.