Brave Asset Management Inc. Invests $207,000 in Brookfield Co. (NYSE:BN)

Brave Asset Management Inc. acquired a new position in shares of Brookfield Co. (NYSE:BN) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,600 shares of the company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Pinnacle Bancorp Inc. lifted its stake in shares of Brookfield by 29.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after acquiring an additional 221 shares during the last quarter. First Trust Direct Indexing L.P. increased its position in Brookfield by 2.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company’s stock valued at $551,000 after purchasing an additional 292 shares during the period. Caprock Group LLC raised its holdings in shares of 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. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Brookfield by 0.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 113,397 shares of the company’s stock valued at $6,027,000 after purchasing an additional 357 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in Brookfield by 23.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,970 shares of the company’s stock worth $113,000 after buying an additional 369 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

Brookfield Stock Performance

Shares of BN stock opened at $57.00 on Thursday. The business has a fifty day moving average of $58.11 and a 200 day moving average of $52.31. Brookfield Co. has a 1 year low of $37.79 and a 1 year high of $62.44. 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 firm has a market capitalization of $85.98 billion, a price-to-earnings ratio of 121.28 and a beta of 1.56.

Brookfield Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.56%. Brookfield’s dividend payout ratio is presently 68.09%.

Analysts Set New Price Targets

Several research firms have recently commented on BN. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 price target (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Scotiabank lifted their price objective 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. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently 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.