Brookfield Co. (NYSE:BN) Shares Sold by Timber Creek Capital Management LLC

Timber Creek Capital Management LLC lowered its holdings in Brookfield Co. (NYSE:BN) by 1.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 153,633 shares of the company’s stock after selling 2,102 shares during the quarter. Brookfield comprises approximately 2.5% of Timber Creek Capital Management LLC’s portfolio, making the stock its 11th largest holding. Timber Creek Capital Management LLC’s holdings in Brookfield were worth $8,826,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. First Personal Financial Services acquired a new stake in shares of Brookfield in the third quarter worth $42,000. FSA Wealth Management LLC purchased a new position in shares of Brookfield in the third quarter valued at $42,000. Prestige Wealth Management Group LLC boosted its stake in shares of Brookfield by 137.0% in the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after purchasing an additional 500 shares during the period. Continuum Advisory LLC purchased a new position in shares of Brookfield in the third quarter valued at $55,000. Finally, Pinnacle Bancorp Inc. boosted its stake in shares of Brookfield by 29.5% in the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock valued at $56,000 after purchasing an additional 221 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BN. BMO Capital Markets restated an “outperform” rating and issued a $62.00 target price (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. CIBC upped their target price on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday, January 23rd. Morgan Stanley assumed coverage on shares of Brookfield in a research note on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective on the stock. TD Securities increased their price objective on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Scotiabank increased their price objective on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

Brookfield Stock Up 0.6 %

Shares of NYSE:BN opened at $61.29 on Wednesday. The stock has a market capitalization of $100.88 billion, a price-to-earnings ratio of 130.41 and a beta of 1.57. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.78. The company’s fifty day moving average is $58.52 and its two-hundred day moving average is $54.82. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17.

Brookfield (NYSE:BN) last issued its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.13. Brookfield had a net margin of 1.00% and a return on equity of 3.74%. Equities analysts anticipate that Brookfield Co. will post 3.83 EPS for the current year.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.59%. Brookfield’s dividend payout ratio (DPR) is 68.09%.

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.