6,255 Shares in Brookfield Co. (NYSE:BN) Bought by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd bought a new stake in Brookfield Co. (NYSE:BN) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 6,255 shares of the company’s stock, valued at approximately $357,000.

Other large investors also recently bought and sold shares of the company. First Personal Financial Services acquired a new stake in Brookfield in the third quarter valued at $42,000. FSA Wealth Management LLC acquired a new stake in shares of Brookfield during the third quarter valued at $42,000. Prestige Wealth Management Group LLC boosted its stake in shares of Brookfield by 137.0% during 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 acquired a new stake in shares of Brookfield during the third quarter valued at $55,000. Finally, Pinnacle Bancorp Inc. boosted its stake in shares of Brookfield by 29.5% during 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. Institutional investors and hedge funds own 61.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Brookfield Stock Performance

NYSE BN opened at $61.20 on Monday. The firm has a market capitalization of $100.73 billion, a P/E ratio of 130.22 and a beta of 1.56. 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 business’s 50-day simple moving average is $58.68 and its 200-day simple moving average is $53.73.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Monday, December 16th. Brookfield’s dividend payout ratio is currently 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.