Global Wealth Management Investment Advisory Inc. Buys 719 Shares of Brookfield Co. (NYSE:BN)

Global Wealth Management Investment Advisory Inc. raised its position in shares of Brookfield Co. (NYSE:BN) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,922 shares of the company’s stock after acquiring an additional 719 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Brookfield were worth $857,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BN. The Manufacturers Life Insurance Company boosted its position in shares of Brookfield by 31.6% during the third quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock valued at $623,783,000 after purchasing an additional 2,818,716 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Brookfield by 23.4% during the 3rd quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock valued at $364,152,000 after buying an additional 1,301,072 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Brookfield by 4,149.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 776,346 shares of the company’s stock worth $41,263,000 after buying an additional 758,076 shares during the period. Bamco Inc. NY increased its stake in shares of Brookfield by 62.6% in the 3rd quarter. Bamco Inc. NY now owns 1,949,472 shares of the company’s stock worth $103,614,000 after acquiring an additional 750,726 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI purchased a new position in Brookfield during the 3rd quarter valued at about $38,935,000. Institutional investors own 61.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BN shares. Morgan Stanley began coverage on shares of Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price objective on the stock. BMO Capital Markets reiterated an “outperform” rating and set a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. CIBC increased their target price on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. Finally, Scotiabank lifted 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, February 3rd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $62.50.

Brookfield Price Performance

BN opened at $59.48 on Monday. The company’s 50-day simple moving average is $58.54 and its two-hundred day simple moving average is $54.19. Brookfield Co. has a 52-week low of $38.18 and a 52-week high of $62.78. The stock has a market capitalization of $97.89 billion, a P/E ratio of 126.56 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.

Brookfield Dividend Announcement

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

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.