Baker Tilly Wealth Management LLC Has $774,000 Stock Holdings in Brookfield Co. (NYSE:BN)

Baker Tilly Wealth Management LLC decreased its position in Brookfield Co. (NYSE:BN) by 2.6% during the 4th quarter, HoldingsChannel reports. The fund owned 13,467 shares of the company’s stock after selling 359 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in Brookfield were worth $774,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BN. The Manufacturers Life Insurance Company raised its holdings in Brookfield by 31.6% during the third quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock worth $623,783,000 after acquiring an additional 2,818,716 shares in the last quarter. Wulff Hansen & CO. increased its position in shares of Brookfield by 4,054.0% during the 2nd quarter. Wulff Hansen & CO. now owns 1,542,505 shares of the company’s stock worth $64,076,000 after purchasing an additional 1,505,372 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Brookfield by 23.4% during the 3rd quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock worth $364,152,000 after purchasing an additional 1,301,072 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Brookfield by 4,149.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 776,346 shares of the company’s stock valued at $41,263,000 after buying an additional 758,076 shares during the last quarter. Finally, Bamco Inc. NY grew its stake in shares of Brookfield by 62.6% in the third quarter. Bamco Inc. NY now owns 1,949,472 shares of the company’s stock valued at $103,614,000 after buying an additional 750,726 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Performance

NYSE BN traded down $2.28 on Friday, reaching $56.10. The stock had a trading volume of 750,289 shares, compared to its average volume of 2,216,647. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. The company has a market cap of $84.63 billion, a P/E ratio of 119.36 and a beta of 1.56. The firm has a fifty day moving average of $58.06 and a two-hundred day moving average of $51.87. Brookfield Co. has a 1-year low of $37.79 and a 1-year high of $62.44.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Monday, December 16th. Brookfield’s dividend payout ratio is 68.09%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BN shares. Scotiabank upped their price target 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. BMO Capital Markets reaffirmed an “outperform” rating and issued a $62.00 target price (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $55.31.

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.