Capital Advisors Inc. OK Has $44.52 Million Position in Brookfield Co. (NYSE:BN)

Capital Advisors Inc. OK reduced its stake in shares of Brookfield Co. (NYSE:BN) by 0.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 774,867 shares of the company’s stock after selling 426 shares during the quarter. Capital Advisors Inc. OK’s holdings in Brookfield were worth $44,516,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of Brookfield by 5.1% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 14,922 shares of the company’s stock worth $857,000 after purchasing an additional 719 shares during the period. Canvas Wealth Advisors LLC acquired a new stake in Brookfield in the fourth quarter valued at approximately $205,000. Washburn Capital Management Inc. acquired a new stake in Brookfield in the fourth quarter valued at approximately $294,000. Kestra Private Wealth Services LLC lifted its stake in Brookfield by 0.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 86,876 shares of the company’s stock valued at $4,991,000 after acquiring an additional 594 shares during the last quarter. Finally, WCM Investment Management LLC lifted its stake in Brookfield by 93.7% in the fourth quarter. WCM Investment Management LLC now owns 58,988 shares of the company’s stock valued at $3,383,000 after acquiring an additional 28,541 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BN has been the subject of a number of analyst reports. Scotiabank lifted their target price on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research note on Monday, February 3rd. CIBC lifted their target price on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday, January 23rd. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 target price (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. TD Securities boosted their price objective on shares of Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Morgan Stanley initiated coverage on shares of Brookfield in a research note on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price objective for the company. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

Brookfield Trading Down 1.2 %

Shares of BN stock opened at $58.67 on Wednesday. Brookfield Co. has a 1 year low of $38.18 and a 1 year high of $62.78. The firm’s fifty day simple moving average is $58.46 and its 200 day simple moving average is $54.36. The firm has a market capitalization of $96.57 billion, a P/E ratio of 124.84 and a beta of 1.57. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.40.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.55%. The ex-dividend date was Monday, December 16th. Brookfield’s dividend payout ratio (DPR) is presently 68.09%.

About Brookfield

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.