Brookfield Co. (NYSE:BN) Shares Acquired by Choreo LLC

Choreo LLC grew its stake in Brookfield Co. (NYSE:BN) by 28.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,850 shares of the company’s stock after buying an additional 9,449 shares during the period. Choreo LLC’s holdings in Brookfield were worth $2,461,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. First Personal Financial Services acquired a new stake in Brookfield during the 3rd quarter worth $42,000. FSA Wealth Management LLC acquired a new stake in Brookfield during the 3rd quarter worth $42,000. Prestige Wealth Management Group LLC boosted its stake in 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 period. Continuum Advisory LLC acquired a new stake in Brookfield during the 3rd quarter worth $55,000. Finally, Pinnacle Bancorp Inc. boosted its stake 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 period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Performance

Shares of BN opened at $60.05 on Friday. The company has a 50-day simple moving average of $58.58 and a 200-day simple moving average of $53.99. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $98.83 billion, a PE ratio of 127.76 and a beta of 1.57. Brookfield Co. has a 52-week low of $38.18 and a 52-week high of $62.78.

Brookfield Announces Dividend

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

Analyst Ratings Changes

BN has been the subject of a number of recent research reports. BMO Capital Markets reiterated an “outperform” rating and set a $62.00 price target (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. CIBC upped their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday, January 23rd. Morgan Stanley began coverage on shares of Brookfield in a research report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective for the company. Finally, Scotiabank upped their price objective on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research report on Monday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Brookfield has a consensus rating of “Moderate Buy” and a consensus price target of $60.28.

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.