Brookfield Co. (NYSE:BN) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. reduced its position in shares of Brookfield Co. (NYSE:BN) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,037 shares of the company’s stock after selling 910 shares during the period. Hantz Financial Services Inc.’s holdings in Brookfield were worth $2,013,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Personal Financial Services purchased a new stake in Brookfield during the 3rd quarter worth approximately $42,000. FSA Wealth Management LLC bought a new stake in shares of Brookfield in the third quarter worth $42,000. Prestige Wealth Management Group LLC raised its holdings 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 in the last quarter. Continuum Advisory LLC bought a new position in Brookfield during the 3rd quarter valued at $55,000. Finally, Pinnacle Bancorp Inc. grew its holdings in Brookfield by 29.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after acquiring an additional 221 shares in the last quarter. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Scotiabank lifted their price target on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 15th. Morgan Stanley began coverage on Brookfield in a research report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 target price for the company. BMO Capital Markets reissued an “outperform” rating and set a $62.00 price target (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Finally, CIBC lifted their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Brookfield has an average rating of “Moderate Buy” and an average price target of $60.06.

Brookfield Stock Performance

BN stock opened at $62.08 on Friday. The stock’s fifty day moving average is $58.62 and its two-hundred day moving average is $53.53. The stock has a market capitalization of $102.17 billion, a price-to-earnings ratio of 132.09 and a beta of 1.56. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17. Brookfield Co. has a 1 year low of $38.18 and a 1 year high of $62.44.

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 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%.

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.