Gilbert & Cook Inc. Trims Stock Position in Brookfield Co. (NYSE:BN)

Gilbert & Cook Inc. reduced its position in Brookfield Co. (NYSE:BN) by 7.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,379 shares of the company’s stock after selling 2,064 shares during the quarter. Gilbert & Cook Inc.’s holdings in Brookfield were worth $1,458,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BN. First Personal Financial Services purchased a new stake in shares of Brookfield in the third quarter valued at about $42,000. FSA Wealth Management LLC purchased a new stake in Brookfield in the 3rd quarter valued at approximately $42,000. Prestige Wealth Management Group LLC increased its position in Brookfield by 137.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after purchasing an additional 500 shares during the period. Continuum Advisory LLC purchased a new position in shares of Brookfield during the 3rd quarter worth approximately $55,000. Finally, Pinnacle Bancorp Inc. lifted its holdings in shares of Brookfield by 29.5% in the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock valued at $56,000 after buying an additional 221 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BN. CIBC upped their price objective on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a report on Thursday, January 23rd. 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 note on Friday, November 15th. Morgan Stanley initiated coverage on shares of Brookfield in a research note on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price objective for the company. Finally, BMO Capital Markets restated an “outperform” rating and set a $62.00 target price (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $60.06.

Brookfield Stock Performance

Shares of BN opened at $61.62 on Thursday. Brookfield Co. has a 12-month low of $38.18 and a 12-month high of $62.44. The stock has a market cap of $101.42 billion, a P/E ratio of 130.69 and a beta of 1.56. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.40. The company has a 50-day moving average of $58.53 and a two-hundred day moving average of $53.47.

Brookfield Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.52%. Brookfield’s dividend payout ratio is currently 68.09%.

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.