Brookfield Co. (NYSE:BN) Shares Sold by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC trimmed its holdings in shares of Brookfield Co. (NYSE:BN) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,370 shares of the company’s stock after selling 550 shares during the period. Moody Lynn & Lieberson LLC’s holdings in Brookfield were worth $309,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. First Personal Financial Services acquired a new position in Brookfield during the 3rd quarter valued at about $42,000. FSA Wealth Management LLC bought a new position in shares of Brookfield in the third quarter valued at approximately $42,000. Prestige Wealth Management Group LLC increased its stake in shares of Brookfield by 137.0% during the third 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 bought a new stake in Brookfield during the third quarter worth approximately $55,000. Finally, Pinnacle Bancorp Inc. lifted 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 period. 61.60% of the stock is currently owned by institutional investors.

Brookfield Price Performance

BN stock opened at $61.09 on Friday. Brookfield Co. has a one year low of $38.18 and a one year high of $62.44. The firm has a 50-day moving average of $58.30 and a two-hundred day moving average of $53.15. The firm has a market capitalization of $100.54 billion, a PE ratio of 129.97 and a beta of 1.56. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.40.

Brookfield Dividend Announcement

The company 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 annualized dividend and a dividend yield of 0.52%. Brookfield’s dividend payout ratio (DPR) is presently 68.09%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BN. BMO Capital Markets reiterated an “outperform” rating and set a $62.00 price target (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Morgan Stanley began coverage on shares of Brookfield in a research report on Thursday. They issued an “overweight” rating and a $80.00 price target on the stock. 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 report on Thursday. Finally, Scotiabank boosted their target price on shares of Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a report on Friday, November 15th. Two research 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, the company has an average rating of “Moderate Buy” and a consensus price target of $60.06.

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.