Meadow Creek Wealth Advisors LLC Sells 747 Shares of Brookfield Co. (NYSE:BN)

Meadow Creek Wealth Advisors LLC decreased its holdings in shares of Brookfield Co. (NYSE:BN) by 10.0% in the fourth quarter, Holdings Channel reports. The firm owned 6,757 shares of the company’s stock after selling 747 shares during the quarter. Meadow Creek Wealth Advisors LLC’s holdings in Brookfield were worth $388,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. First Personal Financial Services bought a new position in Brookfield during the 3rd quarter valued at about $42,000. FSA Wealth Management LLC acquired a new stake in shares of Brookfield during the third quarter worth approximately $42,000. Prestige Wealth Management Group LLC raised its stake in shares of Brookfield by 137.0% in 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 last quarter. Continuum Advisory LLC acquired a new position in shares of Brookfield in the 3rd quarter worth approximately $55,000. Finally, Pinnacle Bancorp Inc. grew its position in Brookfield by 29.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after acquiring an additional 221 shares during the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Stock Performance

Shares of Brookfield stock opened at $59.66 on Thursday. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.78. 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 market capitalization of $98.20 billion, a price-to-earnings ratio of 126.95 and a beta of 1.57. The firm has a fifty day moving average of $58.61 and a two-hundred day moving average of $53.95.

Brookfield Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on BN shares. Scotiabank increased their target price on Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a report on Monday. Morgan Stanley assumed coverage on shares of Brookfield in a research note on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 target price for the company. BMO Capital Markets reissued an “outperform” rating and set a $62.00 price target (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Finally, CIBC boosted their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock 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 given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.28.

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.