Fenimore Asset Management Inc Sells 8,182 Shares of Brookfield Co. (NYSE:BN)

Fenimore Asset Management Inc lessened its holdings in Brookfield Co. (NYSE:BN) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,603,553 shares of the company’s stock after selling 8,182 shares during the quarter. Brookfield accounts for approximately 3.1% of Fenimore Asset Management Inc’s holdings, making the stock its 10th biggest holding. Fenimore Asset Management Inc’s holdings in Brookfield were worth $149,574,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. First Personal Financial Services bought a new stake in shares of Brookfield in the 3rd quarter worth about $42,000. FSA Wealth Management LLC acquired a new position in Brookfield in the third quarter valued at about $42,000. Prestige Wealth Management Group LLC grew its stake in Brookfield by 137.0% during the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after buying an additional 500 shares during the last quarter. Continuum Advisory LLC acquired a new stake in shares of Brookfield during the third quarter worth approximately $55,000. Finally, Pinnacle Bancorp Inc. raised its stake in shares of Brookfield by 29.5% in 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.

Brookfield Stock Performance

Shares of NYSE:BN opened at $61.09 on Friday. The stock has a market capitalization of $100.54 billion, a P/E ratio of 129.97 and a beta of 1.56. 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 Co. has a 1-year low of $38.18 and a 1-year high of $62.44. The business has a 50-day moving average price of $58.30 and a two-hundred day moving average price of $53.08.

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.52%. Brookfield’s payout ratio is presently 68.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BN shares. BMO Capital Markets restated 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. CIBC raised their target price on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday. Scotiabank upped their price target on shares of Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 15th. Finally, Morgan Stanley began coverage on shares of Brookfield in a research report on Thursday. They issued an “overweight” rating and a $80.00 price objective for the company. Two research analysts have rated the stock with a hold rating and six have issued 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 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.