Brookfield Co. (NYSE:BN) Shares Bought by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC raised its position in Brookfield Co. (NYSE:BN) by 7.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,851 shares of the company’s stock after acquiring an additional 768 shares during the period. Icon Wealth Advisors LLC’s holdings in Brookfield were worth $577,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BN. Nicholas Hoffman & Company LLC. boosted its holdings in Brookfield by 3.9% during the second quarter. Nicholas Hoffman & Company LLC. now owns 6,781 shares of the company’s stock worth $282,000 after buying an additional 257 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Brookfield by 62.8% during the 2nd quarter. Blue Trust Inc. now owns 705 shares of the company’s stock worth $30,000 after acquiring an additional 272 shares in the last quarter. First Trust Direct Indexing L.P. grew its holdings in shares of Brookfield by 2.9% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company’s stock worth $551,000 after acquiring an additional 292 shares during the period. Rosenberg Matthew Hamilton increased its stake in Brookfield by 20.6% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 1,734 shares of the company’s stock valued at $71,000 after purchasing an additional 296 shares in the last quarter. Finally, Caprock Group LLC increased its stake in Brookfield by 2.5% in the 3rd quarter. Caprock Group LLC now owns 12,332 shares of the company’s stock valued at $655,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Price Performance

BN stock opened at $61.37 on Friday. The stock has a market capitalization of $101.06 billion, a price-to-earnings ratio of 130.58 and a beta of 1.53. 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 $34.97 and a 52-week high of $61.77. The stock’s fifty day simple moving average is $55.15 and its 200-day simple moving average is $48.64.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Monday, December 16th. Brookfield’s payout ratio is 68.09%.

Analysts Set New Price Targets

A number of analysts have commented on BN shares. Royal Bank of Canada decreased their target price on Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Keefe, Bruyette & Woods boosted their price objective on shares of Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Friday, August 9th. BMO Capital Markets restated an “outperform” rating and set a $62.00 target price (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. Scotiabank lifted their target price 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. Finally, TD Securities increased their price target on shares of Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, August 12th. 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, Brookfield has an average rating of “Moderate Buy” and a consensus price target of $55.31.

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.