Albion Financial Group UT Purchases Shares of 1,000 Brookfield Co. (NYSE:BN)

Albion Financial Group UT acquired a new position in Brookfield Co. (NYSE:BN) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,000 shares of the company’s stock, valued at approximately $57,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Personal Financial Services purchased 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 approximately $42,000. Prestige Wealth Management Group LLC increased its stake in shares of Brookfield by 137.0% in the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after buying an additional 500 shares during the period. Continuum Advisory LLC bought a new stake in Brookfield during the 3rd quarter valued at $55,000. Finally, Pinnacle Bancorp Inc. boosted its position in Brookfield by 29.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock valued at $56,000 after buying an additional 221 shares during the period. Institutional investors own 61.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on BN. BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 price objective (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Scotiabank lifted their price objective on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $55.31.

Brookfield Trading Down 1.5 %

BN opened at $58.96 on Thursday. The business has a 50 day moving average of $58.18 and a 200-day moving average of $52.91. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. The stock has a market cap of $88.94 billion, a PE ratio of 125.45 and a beta of 1.56. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.44.

Brookfield Announces Dividend

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 $0.08 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.54%. 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.