Brookfield Co. (NYSE:BN) Shares Sold by Pacifica Partners Inc.

Pacifica Partners Inc. trimmed its holdings in shares of Brookfield Co. (NYSE:BN) by 1.2% in the fourth quarter, HoldingsChannel reports. The firm owned 98,771 shares of the company’s stock after selling 1,207 shares during the period. Brookfield makes up 2.5% of Pacifica Partners Inc.’s portfolio, making the stock its 10th biggest position. Pacifica Partners Inc.’s holdings in Brookfield were worth $5,670,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of BN. Tuttle Capital Management LLC raised its stake in shares of Brookfield by 34.8% in the fourth quarter. Tuttle Capital Management LLC now owns 8,807 shares of the company’s stock worth $506,000 after acquiring an additional 2,272 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Brookfield by 0.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 113,397 shares of the company’s stock valued at $6,027,000 after purchasing an additional 357 shares in the last quarter. Douglas Lane & Associates LLC raised its position in Brookfield by 28.8% in the 4th quarter. Douglas Lane & Associates LLC now owns 11,305 shares of the company’s stock worth $649,000 after purchasing an additional 2,529 shares during the last quarter. Canandaigua National Trust Co of Florida acquired a new position in Brookfield during the 4th quarter worth $368,000. Finally, GAMMA Investing LLC boosted its position in Brookfield by 85.5% in the 4th quarter. GAMMA Investing LLC now owns 1,957 shares of the company’s stock valued at $112,000 after buying an additional 902 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Price Performance

Shares of BN opened at $55.33 on Wednesday. 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 stock has a market cap of $83.46 billion, a P/E ratio of 117.73 and a beta of 1.56. The stock’s 50-day moving average price is $58.11 and its two-hundred day moving average price is $52.21. Brookfield Co. has a 1 year low of $37.79 and a 1 year high of $62.44.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors 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 yield of 0.58%. The ex-dividend date of this dividend was Monday, December 16th. Brookfield’s dividend payout ratio is currently 68.09%.

Analyst Ratings Changes

BN has been the subject of a number of recent research reports. BMO Capital Markets restated an “outperform” rating and set a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Scotiabank boosted 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 analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $55.31.

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.