Louisbourg Investments Inc. Has $11.27 Million Stock Position in Brookfield Co. (NYSE:BN)

Louisbourg Investments Inc. boosted its position in Brookfield Co. (NYSE:BN) by 18.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 196,124 shares of the company’s stock after purchasing an additional 30,287 shares during the period. Brookfield comprises 2.7% of Louisbourg Investments Inc.’s portfolio, making the stock its 5th biggest holding. Louisbourg Investments Inc.’s holdings in Brookfield were worth $11,267,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Pinnacle Bancorp Inc. boosted its position in Brookfield by 29.5% in the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after purchasing an additional 221 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Brookfield by 10.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company’s stock worth $148,000 after purchasing an additional 245 shares during the last quarter. Joel Isaacson & Co. LLC lifted its position in shares of Brookfield by 5.3% during the 4th quarter. Joel Isaacson & Co. LLC now owns 5,625 shares of the company’s stock valued at $323,000 after buying an additional 283 shares in the last quarter. First Trust Direct Indexing L.P. grew its holdings in Brookfield by 2.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company’s stock valued at $551,000 after buying an additional 292 shares in the last quarter. Finally, Caprock Group LLC grew its holdings in Brookfield by 2.5% during the 3rd quarter. Caprock Group LLC now owns 12,332 shares of the company’s stock valued at $655,000 after buying an additional 300 shares in the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BN. TD Securities increased their price objective on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday. BMO Capital Markets reaffirmed 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. CIBC increased their price objective on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd. Morgan Stanley assumed coverage on shares of Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective for the company. Finally, Scotiabank raised their target price on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Brookfield presently has an average rating of “Moderate Buy” and an average price target of $64.00.

Brookfield Stock Down 1.2 %

Shares of BN opened at $58.67 on Wednesday. The company has a market cap of $96.57 billion, a PE ratio of 124.84 and a beta of 1.57. The business has a fifty day moving average of $58.46 and a 200 day moving average of $54.36. Brookfield Co. has a 52-week low of $38.18 and a 52-week high of $62.78. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given 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 yield of 0.55%. Brookfield’s dividend payout ratio 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.