Brookfield Co. (NYSE:BN) Shares Sold by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT cut its position in Brookfield Co. (NYSE:BN) by 18.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,415 shares of the company’s stock after selling 1,629 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Brookfield were worth $426,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of BN. The Manufacturers Life Insurance Company boosted its position in Brookfield by 31.6% in the third quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock valued at $623,783,000 after buying an additional 2,818,716 shares during the last quarter. EdgePoint Investment Group Inc. boosted its holdings in shares of Brookfield by 1.7% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 11,512,817 shares of the company’s stock valued at $611,383,000 after acquiring an additional 196,790 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Brookfield by 23.4% in the third quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock worth $364,152,000 after acquiring an additional 1,301,072 shares during the period. Geode Capital Management LLC raised its holdings in shares of Brookfield by 10.9% during the third quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company’s stock worth $320,670,000 after purchasing an additional 591,757 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Brookfield by 10.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company’s stock valued at $189,507,000 after purchasing an additional 351,231 shares during the period. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BN has been the topic of several analyst reports. Scotiabank increased their price target on Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research report on Monday. Morgan Stanley started coverage on Brookfield in a research report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price target for the company. 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 report on Friday, November 15th. Finally, CIBC lifted their target price on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.28.

Brookfield Trading Down 1.4 %

Shares of NYSE:BN opened at $58.49 on Wednesday. The business’s 50 day moving average price is $58.64 and its 200-day moving average price is $53.91. Brookfield Co. has a 1 year low of $38.18 and a 1 year high of $62.78. The firm has a market capitalization of $96.26 billion, a price-to-earnings ratio of 124.45 and a beta of 1.57. 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 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. This represents a $0.32 annualized dividend 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 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.