Fifth Third Wealth Advisors LLC Invests $232,000 in Brookfield Co. (NYSE:BN)

Fifth Third Wealth Advisors LLC purchased a new stake in Brookfield Co. (NYSE:BN) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,037 shares of the company’s stock, valued at approximately $232,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BN. American Century Companies Inc. increased its stake in shares of Brookfield by 11.1% during the 2nd quarter. American Century Companies Inc. now owns 63,788 shares of the company’s stock worth $2,653,000 after purchasing an additional 6,389 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Brookfield by 21.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 29,577 shares of the company’s stock valued at $1,229,000 after purchasing an additional 5,248 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Brookfield by 20.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 37,599 shares of the company’s stock worth $1,562,000 after acquiring an additional 6,394 shares during the period. Hsbc Holdings PLC raised its stake in Brookfield by 124.1% during the second quarter. Hsbc Holdings PLC now owns 1,262,139 shares of the company’s stock worth $52,246,000 after purchasing an additional 698,810 shares during the period. Finally, Intech Investment Management LLC raised its holdings in shares of Brookfield by 6.0% in the 2nd quarter. Intech Investment Management LLC now owns 68,440 shares of the company’s stock worth $2,846,000 after purchasing an additional 3,849 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Stock Performance

Shares of BN opened at $58.16 on Friday. The firm has a market cap of $87.73 billion, a price-to-earnings ratio of 123.75 and a beta of 1.56. The business’s 50 day moving average is $58.13 and its two-hundred day moving average is $52.57. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. Brookfield Co. has a 52-week low of $38.18 and a 52-week high of $62.44.

Brookfield Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BN shares. Scotiabank upped their price target on shares of Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 15th. BMO Capital Markets restated an “outperform” rating and issued a $62.00 price target (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $55.31.

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.