Duncan Williams Asset Management LLC Has $749,000 Stock Position in Brookfield Co. (NYSE:BN)

Duncan Williams Asset Management LLC lessened its position in shares of Brookfield Co. (NYSE:BN) by 2.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,030 shares of the company’s stock after selling 313 shares during the quarter. Duncan Williams Asset Management LLC’s holdings in Brookfield were worth $749,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Brookfield by 131.9% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company’s stock worth $24,594,000 after buying an additional 263,375 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Brookfield by 5.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company’s stock valued at $9,764,000 after acquiring an additional 9,915 shares in the last quarter. Geode Capital Management LLC increased its stake in Brookfield by 10.9% in the third quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company’s stock valued at $320,670,000 after acquiring an additional 591,757 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Brookfield by 10.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company’s stock worth $189,507,000 after purchasing an additional 351,231 shares during the period. Finally, Partners Group Holding AG boosted its holdings in Brookfield by 53.5% during the third quarter. Partners Group Holding AG now owns 409,303 shares of the company’s stock valued at $21,754,000 after purchasing an additional 142,603 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

Brookfield Stock Performance

Shares of Brookfield stock opened at $61.09 on Friday. The firm has a 50 day simple moving average of $58.30 and a 200 day simple moving average of $53.15. Brookfield Co. has a fifty-two week low of $38.18 and a fifty-two week high of $62.44. 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 cap of $100.54 billion, a P/E ratio of 129.97 and a beta of 1.56.

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 paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Monday, December 16th. Brookfield’s dividend payout ratio (DPR) is presently 68.09%.

Analysts Set New Price Targets

Several research firms recently commented on BN. CIBC raised their target price on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday. BMO Capital Markets reissued an “outperform” rating and set a $62.00 price objective (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. Scotiabank upped their target price on shares of Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a report on Friday, November 15th. Finally, Morgan Stanley initiated coverage on shares of Brookfield in a research report on Thursday. They issued an “overweight” rating and a $80.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Brookfield currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.06.

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.