Montrusco Bolton Investments Inc. Reduces Holdings in Brookfield Co. (NYSE:BN)

Montrusco Bolton Investments Inc. cut its stake in Brookfield Co. (NYSE:BN) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118,415 shares of the company’s stock after selling 2,027 shares during the period. Montrusco Bolton Investments Inc.’s holdings in Brookfield were worth $6,803,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. First Personal Financial Services acquired a new position in Brookfield during the third quarter worth approximately $42,000. FSA Wealth Management LLC acquired a new position in shares of Brookfield in the 3rd quarter valued at $42,000. Prestige Wealth Management Group LLC raised 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 valued at $46,000 after purchasing an additional 500 shares during the last quarter. Continuum Advisory LLC acquired a new stake in Brookfield during the 3rd quarter worth $55,000. Finally, Pinnacle Bancorp Inc. grew its position in 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. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Trading Up 0.5 %

Shares of BN opened at $60.40 on Wednesday. Brookfield Co. has a twelve month low of $38.18 and a twelve month 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 firm has a market capitalization of $99.41 billion, a P/E ratio of 128.52 and a beta of 1.56. The firm’s 50-day moving average is $58.45 and its two-hundred day moving average is $53.43.

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. This represents a $0.32 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Monday, December 16th. Brookfield’s payout ratio is currently 68.09%.

Analyst Ratings Changes

Several brokerages have recently weighed in on BN. CIBC increased their target price on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. Scotiabank lifted their target price on Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research note on Friday, November 15th. Morgan Stanley assumed 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. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 price objective (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently 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.