Brookfield Co. (NYSE:BN) Position Trimmed by Meadow Creek Wealth Advisors LLC

Meadow Creek Wealth Advisors LLC decreased its holdings in Brookfield Co. (NYSE:BN) by 10.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,757 shares of the company’s stock after selling 747 shares during the period. Meadow Creek Wealth Advisors LLC’s holdings in Brookfield were worth $388,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. First Personal Financial Services acquired a new stake in shares of Brookfield during the 3rd quarter valued at about $42,000. FSA Wealth Management LLC acquired a new stake in Brookfield in the third quarter valued at approximately $42,000. Prestige Wealth Management Group LLC increased its stake in shares of Brookfield by 137.0% during 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 bought a new position in shares of Brookfield during the 3rd quarter valued at $55,000. Finally, Pinnacle Bancorp Inc. boosted its holdings in Brookfield by 29.5% in the fourth 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. 61.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Scotiabank boosted their price target on Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research report on Monday. BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research report on Friday, November 15th. CIBC lifted their price target 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, Morgan Stanley began coverage on shares of Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective for the company. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Brookfield presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.28.

Brookfield Stock Performance

NYSE BN opened at $59.66 on Thursday. The company’s fifty day moving average is $58.61 and its two-hundred day moving average is $53.95. Brookfield Co. has a 52-week low of $38.18 and a 52-week high of $62.78. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. The firm has a market capitalization of $98.20 billion, a price-to-earnings ratio of 126.95 and a beta of 1.57.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.08 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.32 annualized dividend and a yield of 0.54%. Brookfield’s dividend payout ratio (DPR) is 68.09%.

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.