Summit Trail Advisors LLC Sells 574 Shares of Brookfield Co. (NYSE:BN)

Summit Trail Advisors LLC trimmed its position in Brookfield Co. (NYSE:BN) by 2.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 28,668 shares of the company’s stock after selling 574 shares during the period. Summit Trail Advisors LLC’s holdings in Brookfield were worth $1,647,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. First Personal Financial Services purchased a new position in Brookfield in the third quarter valued at about $42,000. FSA Wealth Management LLC purchased a new position in Brookfield in the third quarter valued at about $42,000. Prestige Wealth Management Group LLC boosted its stake in 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 acquiring an additional 500 shares during the last quarter. Continuum Advisory LLC purchased a new position in Brookfield in the third quarter valued at about $55,000. Finally, Pinnacle Bancorp Inc. boosted its stake in 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 acquiring an additional 221 shares during the last quarter. 61.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Morgan Stanley assumed coverage on shares of Brookfield in a research note on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 target price on the stock. CIBC upped their price target 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. BMO Capital Markets restated an “outperform” rating and set a $62.00 price target (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Finally, Scotiabank upped their price target 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 research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $62.50.

Brookfield Stock Performance

NYSE BN opened at $59.42 on Tuesday. Brookfield Co. has a 1 year low of $38.18 and a 1 year high of $62.78. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. The stock has a market capitalization of $97.79 billion, a PE ratio of 126.43 and a beta of 1.57. The company’s 50 day simple moving average is $58.50 and its two-hundred day simple moving average is $54.28.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.54%. The ex-dividend date was Monday, December 16th. Brookfield’s dividend payout ratio is presently 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.