1,400 Shares in Brookfield Co. (NYSE:BN) Purchased by Berbice Capital Management LLC

Berbice Capital Management LLC purchased a new position in Brookfield Co. (NYSE:BN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,400 shares of the company’s stock, valued at approximately $80,000.

Other institutional investors also recently modified their holdings of the company. First Personal Financial Services bought a new position in shares of Brookfield in the 3rd quarter worth about $42,000. FSA Wealth Management LLC bought a new position in shares of Brookfield in the 3rd quarter worth about $42,000. Prestige Wealth Management Group LLC increased 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 valued at $46,000 after purchasing an additional 500 shares in the last quarter. Continuum Advisory LLC bought a new stake in Brookfield during the 3rd quarter valued at about $55,000. Finally, Pinnacle Bancorp Inc. increased its stake in Brookfield by 29.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock valued at $56,000 after purchasing an additional 221 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BN has been the subject of a number of analyst reports. Scotiabank raised their price objective on shares of Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research note on Friday, November 15th. CIBC raised their price objective on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday. Morgan Stanley initiated coverage on shares of Brookfield in a research note on Thursday. They set an “overweight” rating and a $80.00 price objective for the company. Finally, BMO Capital Markets restated an “outperform” rating and set a $62.00 price objective (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Brookfield presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.06.

Brookfield Price Performance

Shares of NYSE:BN opened at $59.70 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.44. The company has a market capitalization of $98.26 billion, a P/E ratio of 126.85 and a beta of 1.56. The firm’s 50 day simple moving average is $58.21 and its two-hundred day simple moving average is $52.96.

Brookfield Dividend Announcement

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

About Brookfield

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.