Alliance Wealth Advisors LLC UT Lowers Stock Holdings in Brookfield Co. (NYSE:BN)

Alliance Wealth Advisors LLC UT cut its stake in shares of Brookfield Co. (NYSE:BN) by 18.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,415 shares of the company’s stock after selling 1,629 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Brookfield were worth $426,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. First Personal Financial Services purchased a new position in Brookfield during the 3rd quarter worth $42,000. FSA Wealth Management LLC bought a new stake in shares of Brookfield in the third quarter valued at about $42,000. Prestige Wealth Management Group LLC lifted its stake in Brookfield by 137.0% in the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after acquiring an additional 500 shares during the period. Continuum Advisory LLC bought a new position in Brookfield during the 3rd quarter worth about $55,000. Finally, Pinnacle Bancorp Inc. increased its position 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 during the period. Institutional investors own 61.60% of the company’s stock.

Brookfield Trading Down 1.4 %

Brookfield stock opened at $58.49 on Wednesday. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78. The stock has a market cap of $96.26 billion, a PE ratio of 124.45 and a beta of 1.57. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17. The stock has a 50-day moving average of $58.64 and a two-hundred day moving average of $53.91.

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Monday, December 16th. Brookfield’s dividend payout ratio (DPR) is presently 68.09%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Brookfield in a research report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price target for the company. BMO Capital Markets restated an “outperform” rating and set 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 target on Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research report on Monday. Finally, CIBC raised their price objective on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research report on Thursday, January 23rd. Two investment 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, the company currently has an average rating of “Moderate Buy” and an average target price of $60.28.

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.