Portside Wealth Group LLC Sells 262 Shares of Brookfield Co. (NYSE:BN)

Portside Wealth Group LLC lessened its stake in Brookfield Co. (NYSE:BN) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,678 shares of the company’s stock after selling 262 shares during the quarter. Portside Wealth Group LLC’s holdings in Brookfield were worth $1,046,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. First Personal Financial Services bought a new position in Brookfield during the third quarter worth about $42,000. FSA Wealth Management LLC purchased a new position in Brookfield in the 3rd quarter valued at approximately $42,000. Prestige Wealth Management Group LLC raised its holdings 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 acquiring an additional 500 shares during the period. Continuum Advisory LLC purchased a new stake in shares of Brookfield during the third quarter worth $55,000. Finally, Pinnacle Bancorp Inc. boosted its holdings in shares of Brookfield by 29.5% in the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after acquiring an additional 221 shares during the period. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Up 1.0 %

Shares of NYSE BN opened at $58.16 on Friday. The business has a 50-day moving average of $58.13 and a 200-day moving average of $52.57. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $87.73 billion, a price-to-earnings ratio of 123.75 and a beta of 1.56. Brookfield Co. has a 12 month low of $38.18 and a 12 month high of $62.44.

Brookfield Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BN shares. Scotiabank increased their price objective on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a report on Friday, November 15th. BMO Capital Markets restated an “outperform” rating and issued a $62.00 price objective (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Brookfield currently has an average rating of “Moderate Buy” and an average price target of $55.31.

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.