Koa Wealth Management LLC Has $1.79 Million Stock Holdings in Brookfield Co. (NYSE:BN)

Koa Wealth Management LLC decreased its position in Brookfield Co. (NYSE:BN) by 7.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,648 shares of the company’s stock after selling 2,738 shares during the period. Brookfield comprises approximately 1.4% of Koa Wealth Management LLC’s holdings, making the stock its 26th largest holding. Koa Wealth Management LLC’s holdings in Brookfield were worth $1,788,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Nicholas Hoffman & Company LLC. boosted its stake in Brookfield by 3.9% during the second quarter. Nicholas Hoffman & Company LLC. now owns 6,781 shares of the company’s stock worth $282,000 after buying an additional 257 shares in the last quarter. Blue Trust Inc. increased its stake in Brookfield by 62.8% in the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock valued at $30,000 after acquiring an additional 272 shares during the period. First Trust Direct Indexing L.P. raised its position in Brookfield by 2.9% in the third quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company’s stock worth $551,000 after purchasing an additional 292 shares in the last quarter. Rosenberg Matthew Hamilton lifted its stake in Brookfield by 20.6% during the second quarter. Rosenberg Matthew Hamilton now owns 1,734 shares of the company’s stock worth $71,000 after purchasing an additional 296 shares during the period. Finally, UMB Bank n.a. boosted its holdings in Brookfield by 6.7% during the second quarter. UMB Bank n.a. now owns 5,878 shares of the company’s stock valued at $244,000 after purchasing an additional 368 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Performance

BN stock opened at $56.79 on Friday. The company has a 50 day moving average price of $53.47 and a 200 day moving average price of $47.65. Brookfield Co. has a fifty-two week low of $33.61 and a fifty-two week high of $60.20. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.03. The stock has a market capitalization of $93.52 billion, a PE ratio of 120.83 and a beta of 1.53.

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.56%. Brookfield’s payout ratio is 68.09%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Scotiabank increased their target price on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a report on Friday. TD Securities boosted their target price on shares of Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, August 12th. BMO Capital Markets reiterated an “outperform” rating and set a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research report on Friday. Keefe, Bruyette & Woods boosted their price target on shares of Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a research report on Friday, August 9th. Finally, Royal Bank of Canada dropped their price objective on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Brookfield currently has an average rating of “Moderate Buy” and a consensus target price of $55.31.

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.