Brookfield Co. (NYSE:BN) Shares Sold by Baskin Financial Services Inc.

Baskin Financial Services Inc. trimmed its stake in shares of Brookfield Co. (NYSE:BN) by 1.1% during the 4th quarter, Holdings Channel reports. The fund owned 927,430 shares of the company’s stock after selling 10,628 shares during the quarter. Brookfield makes up about 4.2% of Baskin Financial Services Inc.’s investment portfolio, making the stock its 7th largest position. Baskin Financial Services Inc.’s holdings in Brookfield were worth $53,272,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of BN. Millennium Management LLC raised its position in shares of Brookfield by 221.6% in the second quarter. Millennium Management LLC now owns 345,545 shares of the company’s stock worth $14,363,000 after acquiring an additional 238,104 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Brookfield in the 2nd quarter valued at about $1,956,000. Quent Capital LLC raised its holdings in Brookfield by 96.4% in the 3rd quarter. Quent Capital LLC now owns 3,530 shares of the company’s stock worth $188,000 after purchasing an additional 1,733 shares during the period. Chemistry Wealth Management LLC boosted its position in Brookfield by 2.6% during the third quarter. Chemistry Wealth Management LLC now owns 229,438 shares of the company’s stock worth $12,195,000 after purchasing an additional 5,898 shares in the last quarter. Finally, Miracle Mile Advisors LLC acquired a new stake in Brookfield in the third quarter valued at approximately $612,000. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Stock Performance

BN opened at $61.20 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.40. The firm’s 50-day moving average price is $58.68 and its 200 day moving average price is $53.73. Brookfield Co. has a twelve month low of $38.18 and a twelve month high of $62.78. The firm has a market capitalization of $100.73 billion, a PE ratio of 130.22 and a beta of 1.56.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.08 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.52%. Brookfield’s dividend payout ratio is presently 68.09%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BN shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 target price (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Morgan Stanley assumed coverage on shares of Brookfield in a research report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective for the company. Scotiabank lifted their target price on shares of Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research report on Friday, November 15th. Finally, CIBC upped their price target on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.06.

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.