Brookfield Co. (NYSE:BN) Shares Sold by Kathleen S. Wright Associates Inc.

Kathleen S. Wright Associates Inc. cut its stake in Brookfield Co. (NYSE:BN) by 1.9% in the fourth quarter, Holdings Channel reports. The firm owned 82,154 shares of the company’s stock after selling 1,600 shares during the period. Brookfield comprises 1.9% of Kathleen S. Wright Associates Inc.’s holdings, making the stock its 15th largest position. Kathleen S. Wright Associates Inc.’s holdings in Brookfield were worth $4,713,000 as of its most recent filing with the Securities & Exchange Commission.

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

Brookfield Trading Down 3.1 %

Shares of BN opened at $59.32 on Tuesday. Brookfield Co. has a 12-month low of $38.18 and a 12-month high of $62.78. The firm has a market capitalization of $97.63 billion, a P/E ratio of 126.22 and a beta of 1.57. The firm has a 50-day moving average price of $58.67 and a 200 day moving average price of $53.82. 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 Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Monday, December 16th. Brookfield’s dividend payout ratio is presently 68.09%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Morgan Stanley assumed coverage on shares of Brookfield in a research report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price for the company. BMO Capital Markets restated an “outperform” rating and issued a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Scotiabank lifted their price target on Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research report on Monday. Finally, CIBC upped their price objective on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Brookfield has a consensus rating of “Moderate Buy” and an average target price of $60.28.

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.