Berbice Capital Management LLC Buys Shares of 1,400 Brookfield Co. (NYSE:BN)

Berbice Capital Management LLC bought a new stake in Brookfield Co. (NYSE:BN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,400 shares of the company’s stock, valued at approximately $80,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BN. American Century Companies Inc. lifted its stake in shares of Brookfield by 11.1% during the 2nd quarter. American Century Companies Inc. now owns 63,788 shares of the company’s stock valued at $2,653,000 after buying an additional 6,389 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Brookfield by 186.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,163 shares of the company’s stock valued at $131,000 after buying an additional 2,057 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Brookfield by 184.8% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 199,750 shares of the company’s stock valued at $8,309,000 after buying an additional 129,604 shares in the last quarter. APG Asset Management N.V. lifted its stake in shares of Brookfield by 224.2% during the 2nd quarter. APG Asset Management N.V. now owns 169,332 shares of the company’s stock valued at $6,570,000 after buying an additional 117,100 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Brookfield by 221.6% during the 2nd quarter. Millennium Management LLC now owns 345,545 shares of the company’s stock valued at $14,363,000 after buying an additional 238,104 shares in the last quarter. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Trading Up 0.2 %

Shares of BN opened at $59.70 on Friday. The stock has a market capitalization of $98.26 billion, a P/E ratio of 126.85 and a beta of 1.56. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. The firm has a fifty day simple moving average of $58.21 and a two-hundred day simple moving average of $52.96. Brookfield Co. has a twelve month low of $38.18 and a twelve month high of $62.44.

Brookfield Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders 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 yield of 0.54%. Brookfield’s payout ratio is currently 68.09%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BN. Scotiabank upped their price target on shares of Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating 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 stock an “outperformer” rating in a report on Thursday. BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 target price (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. Finally, Morgan Stanley initiated coverage on shares of Brookfield in a report on Thursday. They set an “overweight” rating and a $80.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $60.06.

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.