Brookfield Co. (NYSE:BN) Stock Position Lifted by Forsta AP Fonden

Forsta AP Fonden boosted its stake in Brookfield Co. (NYSE:BN) by 4.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 287,200 shares of the company’s stock after buying an additional 13,300 shares during the quarter. Forsta AP Fonden’s holdings in Brookfield were worth $16,499,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. First Personal Financial Services acquired a new position in shares of Brookfield in the third quarter worth $42,000. FSA Wealth Management LLC purchased a new position in Brookfield in the third quarter valued at about $42,000. Prestige Wealth Management Group LLC increased its position in Brookfield by 137.0% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after purchasing an additional 500 shares during the last quarter. Continuum Advisory LLC purchased a new stake in shares of Brookfield during the 3rd quarter worth about $55,000. Finally, Pinnacle Bancorp Inc. raised 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 in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Price Performance

NYSE BN opened at $60.49 on Thursday. The company has a market cap of $99.55 billion, a P/E ratio of 128.69 and a beta of 1.56. Brookfield Co. has a 1 year low of $38.18 and a 1 year high of $62.44. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.40. The company has a fifty day simple moving average of $58.53 and a 200 day simple moving average of $53.47.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, December 16th. Brookfield’s dividend payout ratio is currently 68.09%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BN shares. CIBC boosted their price target on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday, January 23rd. Morgan Stanley initiated coverage on shares of Brookfield in a research report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 target price for the company. Scotiabank increased their price target on shares of Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 15th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.