Rehmann Capital Advisory Group Acquires Shares of 4,536 Brookfield Co. (NYSE:BN)

Rehmann Capital Advisory Group bought a new position in shares of Brookfield Co. (NYSE:BN) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,536 shares of the company’s stock, valued at approximately $241,000.

A number of other hedge funds also recently modified their holdings of the stock. Blue Trust Inc. boosted its holdings in shares of Brookfield by 62.8% in the 2nd quarter. Blue Trust Inc. now owns 705 shares of the company’s stock valued at $30,000 after purchasing an additional 272 shares in the last quarter. Kings Path Partners LLC bought a new stake in shares of Brookfield during the 2nd quarter worth $31,000. Family Firm Inc. bought a new stake in shares of Brookfield during the 2nd quarter worth $36,000. First Personal Financial Services acquired a new stake in Brookfield in the third quarter valued at about $42,000. Finally, FSA Wealth Management LLC bought a new position in Brookfield in the third quarter valued at about $42,000. Institutional investors own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BN shares. BMO Capital Markets restated an “outperform” rating and issued a $62.00 price target (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Scotiabank raised their target price on shares of Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $55.31.

Brookfield Trading Down 1.0 %

Shares of NYSE BN opened at $58.68 on Friday. 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 52-week low of $37.77 and a 52-week high of $62.44. The stock has a market cap of $96.63 billion, a P/E ratio of 124.85 and a beta of 1.55. The firm has a 50 day moving average price of $56.74 and a two-hundred day moving average price of $49.83.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Monday, December 16th. Brookfield’s dividend payout ratio is currently 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.