Brookfield Co. (NYSE:BN) Shares Sold by Wedmont Private Capital

Wedmont Private Capital decreased its position in Brookfield Co. (NYSE:BN) by 25.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,237 shares of the company’s stock after selling 1,471 shares during the period. Wedmont Private Capital’s holdings in Brookfield were worth $233,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. First Personal Financial Services bought a new position in Brookfield in the 3rd quarter worth approximately $42,000. FSA Wealth Management LLC bought a new position in shares of Brookfield in the third quarter worth $42,000. Prestige Wealth Management Group LLC increased its holdings 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 purchasing an additional 500 shares during the period. Continuum Advisory LLC bought a new stake in shares of Brookfield during the third quarter valued at about $55,000. Finally, Coastline Trust Co acquired a new stake in Brookfield in the third quarter worth about $74,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on BN shares. BMO Capital Markets reissued an “outperform” rating and set a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Scotiabank boosted their target price on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s 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 Trading Up 1.1 %

Shares of NYSE:BN opened at $57.51 on Friday. 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 $86.75 billion, a price-to-earnings ratio of 122.36 and a beta of 1.56. Brookfield Co. has a 1-year low of $37.79 and a 1-year high of $62.44. The company has a 50 day moving average price of $58.11 and a 200 day moving average price of $52.34.

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 paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Monday, December 16th. Brookfield’s dividend payout ratio 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.