Brookfield Co. (NYSE:BN) is Ervin Investment Management LLC’s 5th Largest Position

Ervin Investment Management LLC lowered its stake in shares of Brookfield Co. (NYSE:BN) by 2.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 161,430 shares of the company’s stock after selling 3,551 shares during the period. Brookfield comprises about 6.1% of Ervin Investment Management LLC’s portfolio, making the stock its 5th largest holding. Ervin Investment Management LLC’s holdings in Brookfield were worth $9,274,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of BN. American Century Companies Inc. increased its stake in shares of Brookfield by 11.1% in the 2nd quarter. American Century Companies Inc. now owns 63,788 shares of the company’s stock valued at $2,653,000 after purchasing an additional 6,389 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of Brookfield by 21.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 29,577 shares of the company’s stock valued at $1,229,000 after purchasing an additional 5,248 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Brookfield by 20.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 37,599 shares of the company’s stock valued at $1,562,000 after purchasing an additional 6,394 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of Brookfield by 6.0% in the 2nd quarter. Intech Investment Management LLC now owns 68,440 shares of the company’s stock valued at $2,846,000 after purchasing an additional 3,849 shares in the last quarter. Finally, Legacy Financial Advisors Inc. increased its stake in shares of Brookfield by 23.1% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 10,200 shares of the company’s stock valued at $424,000 after purchasing an additional 1,911 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Wall Street Analysts Forecast Growth

BN has been the subject of several recent analyst reports. BMO Capital Markets restated an “outperform” rating and issued a $62.00 price target (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Scotiabank lifted their price objective on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating 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 company’s stock. Based on data from MarketBeat, Brookfield has a consensus rating of “Moderate Buy” and a consensus price target of $55.31.

Brookfield Trading Up 1.0 %

Shares of Brookfield stock opened at $58.16 on Monday. The stock has a market cap of $87.73 billion, a P/E ratio of 123.75 and a beta of 1.56. The stock’s 50 day simple moving average is $58.13 and its 200-day simple moving average is $52.64. Brookfield Co. has a 1-year low of $38.18 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.

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Monday, December 16th. Brookfield’s dividend payout ratio is currently 68.09%.

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.