Atomi Financial Group Inc. Acquires 1,875 Shares of Brookfield Co. (NYSE:BN)

Atomi Financial Group Inc. increased its holdings in Brookfield Co. (NYSE:BN) by 15.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,999 shares of the company’s stock after purchasing an additional 1,875 shares during the period. Atomi Financial Group Inc.’s holdings in Brookfield were worth $804,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BN. The Manufacturers Life Insurance Company lifted its holdings in shares of Brookfield by 31.6% in the third quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock worth $623,783,000 after buying an additional 2,818,716 shares in the last quarter. Toronto Dominion Bank lifted its stake in Brookfield by 23.4% in 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% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 776,346 shares of the company’s stock valued at $41,263,000 after purchasing an additional 758,076 shares during the last quarter. Bamco Inc. NY grew its position in shares of Brookfield by 62.6% during the third quarter. Bamco Inc. NY now owns 1,949,472 shares of the company’s stock valued at $103,614,000 after purchasing an additional 750,726 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new stake in shares of Brookfield in the third quarter worth about $38,935,000. 61.60% of the stock is currently owned by institutional investors.

Brookfield Price Performance

Brookfield stock opened at $58.96 on Thursday. The firm has a market capitalization of $88.94 billion, a PE ratio of 125.45 and a beta of 1.56. Brookfield Co. has a 12-month low of $38.18 and a 12-month high of $62.44. The firm has a 50-day moving average price of $58.18 and a 200-day moving average price of $52.91. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.54%. Brookfield’s dividend payout ratio is 68.09%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BN shares. BMO Capital Markets restated an “outperform” rating and set a $62.00 price target (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. Scotiabank upped their price target on shares of Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $55.31.

Brookfield Company 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.