SeaCrest Wealth Management LLC Purchases Shares of 3,557 Brookfield Co. (NYSE:BN)

SeaCrest Wealth Management LLC purchased a new stake in shares of Brookfield Co. (NYSE:BN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 3,557 shares of the company’s stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. First Trust Direct Indexing L.P. grew its holdings in Brookfield by 2.9% during the third quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company’s stock valued at $551,000 after purchasing an additional 292 shares during the last quarter. Caprock Group LLC grew its stake in shares of Brookfield by 2.5% in the third quarter. Caprock Group LLC now owns 12,332 shares of the company’s stock worth $655,000 after acquiring an additional 300 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Brookfield by 0.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 113,397 shares of the company’s stock worth $6,027,000 after acquiring an additional 357 shares during the last quarter. Huntington National Bank grew its stake in shares of Brookfield by 8.8% in the third quarter. Huntington National Bank now owns 5,445 shares of the company’s stock worth $289,000 after acquiring an additional 439 shares during the last quarter. Finally, Prestige Wealth Management Group LLC grew 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 worth $46,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets restated an “outperform” rating and issued a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Scotiabank lifted their price target on shares of Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $55.31.

Brookfield Stock Up 1.0 %

Shares of NYSE BN opened at $58.16 on Friday. The stock has a market cap of $87.73 billion, a PE ratio of 123.75 and a beta of 1.56. The business has a fifty day moving average of $58.13 and a two-hundred day moving average of $52.57. Brookfield Co. has a 52-week low of $38.18 and a 52-week high of $62.44. 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 disclosed 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. The ex-dividend date was Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.55%. Brookfield’s 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.