Kestra Private Wealth Services LLC Buys 594 Shares of Brookfield Co. (NYSE:BN)

Kestra Private Wealth Services LLC grew its stake in Brookfield Co. (NYSE:BN) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,876 shares of the company’s stock after acquiring an additional 594 shares during the period. Kestra Private Wealth Services LLC’s holdings in Brookfield were worth $4,991,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Personal Financial Services bought a new position in shares of Brookfield during the third quarter valued at approximately $42,000. FSA Wealth Management LLC bought a new position in shares of Brookfield during the third quarter valued at approximately $42,000. Prestige Wealth Management Group LLC boosted its stake in shares of Brookfield by 137.0% during the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after purchasing an additional 500 shares in the last quarter. Continuum Advisory LLC acquired a new stake in Brookfield in the third quarter valued at approximately $55,000. Finally, Pinnacle Bancorp Inc. boosted its stake in Brookfield by 29.5% in the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock valued at $56,000 after acquiring an additional 221 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

Brookfield Trading Down 0.2 %

NYSE BN opened at $59.42 on Tuesday. The company has a fifty day simple moving average of $58.50 and a two-hundred day simple moving average of $54.28. The stock has a market cap of $97.79 billion, a P/E ratio of 126.43 and a beta of 1.57. Brookfield Co. has a 12-month low of $38.18 and a 12-month high of $62.78. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.40.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.08 per share. 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 dividend payout ratio (DPR) is presently 68.09%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BN shares. BMO Capital Markets restated an “outperform” rating and issued a $62.00 target price (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Morgan Stanley started coverage on shares of Brookfield in a research note on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 target price for the company. Scotiabank raised their target price on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research note on Monday, February 3rd. Finally, CIBC raised their target price on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $62.50.

About Brookfield

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.