Brookfield Co. (NYSE:BN) Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC lowered its position in shares of Brookfield Co. (NYSE:BN) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,975 shares of the company’s stock after selling 270 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Brookfield were worth $343,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of BN. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Brookfield by 131.9% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company’s stock worth $24,594,000 after purchasing an additional 263,375 shares during the period. PNC Financial Services Group Inc. raised its stake in Brookfield by 5.7% during the third quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company’s stock worth $9,764,000 after purchasing an additional 9,915 shares during the period. Geode Capital Management LLC raised its stake in Brookfield by 10.9% during the third quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company’s stock worth $320,670,000 after purchasing an additional 591,757 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Brookfield by 10.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company’s stock worth $189,507,000 after purchasing an additional 351,231 shares during the period. Finally, Partners Group Holding AG raised its stake in Brookfield by 53.5% during the third quarter. Partners Group Holding AG now owns 409,303 shares of the company’s stock worth $21,754,000 after purchasing an additional 142,603 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BN shares. Scotiabank increased their price target on shares of Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 15th. CIBC increased their price target on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday. BMO Capital Markets reissued 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. Finally, Morgan Stanley initiated coverage on shares of Brookfield in a research note on Thursday. They issued an “overweight” rating and a $80.00 target price on the stock. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $60.06.

Brookfield Price Performance

BN opened at $61.09 on Friday. The company has a fifty day simple moving average of $58.30 and a 200 day simple moving average of $53.08. The firm has a market cap of $100.54 billion, a price-to-earnings ratio of 129.97 and a beta of 1.56. Brookfield Co. has a twelve month low of $38.18 and a twelve month high of $62.44. 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 company also recently declared 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 0.52%. The ex-dividend date of this dividend was Monday, December 16th. Brookfield’s payout ratio 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.