WCM Investment Management LLC Boosts Stake in Brookfield Co. (NYSE:BN)

WCM Investment Management LLC raised its position in shares of Brookfield Co. (NYSE:BN) by 93.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,988 shares of the company’s stock after buying an additional 28,541 shares during the quarter. WCM Investment Management LLC’s holdings in Brookfield were worth $3,383,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. First Personal Financial Services bought a new position in Brookfield during the third quarter valued at $42,000. FSA Wealth Management LLC purchased a new stake in shares of Brookfield during the 3rd quarter valued at about $42,000. Prestige Wealth Management Group LLC lifted its holdings in shares of 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 acquiring an additional 500 shares during the last quarter. Continuum Advisory LLC purchased a new position in Brookfield in the third quarter worth about $55,000. Finally, Pinnacle Bancorp Inc. increased its stake in Brookfield by 29.5% during the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after acquiring an additional 221 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Down 1.0 %

Shares of NYSE BN opened at $59.48 on Monday. Brookfield Co. has a 52-week low of $38.18 and a 52-week high of $62.78. The firm has a market capitalization of $97.89 billion, a price-to-earnings ratio of 126.56 and a beta of 1.57. The stock has a 50 day moving average price of $58.54 and a 200 day moving average price of $54.19. 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 Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BN shares. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 target price (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. Scotiabank boosted their price objective on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research report on Monday, February 3rd. CIBC raised their target price on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a report on Thursday, January 23rd. Finally, Morgan Stanley started coverage on shares of Brookfield in a research report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Brookfield presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.50.

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.