Ritholtz Wealth Management Grows Position in Brookfield Co. (NYSE:BN)

Ritholtz Wealth Management raised its stake in shares of Brookfield Co. (NYSE:BN) by 9.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 41,532 shares of the company’s stock after purchasing an additional 3,684 shares during the period. Ritholtz Wealth Management’s holdings in Brookfield were worth $2,386,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. increased its holdings in Brookfield by 11.1% in the 2nd quarter. American Century Companies Inc. now owns 63,788 shares of the company’s stock worth $2,653,000 after acquiring an additional 6,389 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of Brookfield by 21.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 29,577 shares of the company’s stock worth $1,229,000 after purchasing an additional 5,248 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position 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 valued at $1,562,000 after purchasing an additional 6,394 shares during the period. Hsbc Holdings PLC raised its position in shares of Brookfield by 124.1% during the 2nd quarter. Hsbc Holdings PLC now owns 1,262,139 shares of the company’s stock valued at $52,246,000 after purchasing an additional 698,810 shares during the period. Finally, Bristol Gate Capital Partners Inc. lifted its stake in shares of Brookfield by 12.6% during the 2nd quarter. Bristol Gate Capital Partners Inc. now owns 26,343 shares of the company’s stock valued at $1,095,000 after buying an additional 2,958 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

Brookfield Stock Performance

NYSE BN opened at $58.16 on Friday. The stock has a market capitalization of $87.73 billion, a PE ratio of 123.75 and a beta of 1.56. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.44. The business has a 50 day simple moving average of $58.13 and a two-hundred day simple moving average of $52.50. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03.

Brookfield Dividend Announcement

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