Leavell Investment Management Inc. Sells 1,564 Shares of Brookfield Co. (NYSE:BN)

Leavell Investment Management Inc. lowered its stake in shares of Brookfield Co. (NYSE:BN) by 4.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 33,554 shares of the company’s stock after selling 1,564 shares during the period. Leavell Investment Management Inc.’s holdings in Brookfield were worth $1,928,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. First Personal Financial Services purchased a new stake in Brookfield during the third quarter valued at about $42,000. FSA Wealth Management LLC purchased a new stake in Brookfield during the third quarter valued at about $42,000. Prestige Wealth Management Group LLC lifted its holdings in 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 purchasing an additional 500 shares during the last quarter. Continuum Advisory LLC purchased a new stake in Brookfield during the third quarter valued at about $55,000. Finally, Pinnacle Bancorp Inc. lifted its holdings in 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 purchasing an additional 221 shares during the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Stock Down 0.2 %

BN stock opened at $58.58 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.40. The company’s 50 day moving average is $58.41 and its 200 day moving average is $54.39. The stock has a market cap of $96.41 billion, a price-to-earnings ratio of 124.64 and a beta of 1.57. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.78.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. TD Securities upped their price objective on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday. Scotiabank increased their price target on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a report on Monday, February 3rd. Morgan Stanley began coverage on shares of Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price target on the stock. CIBC increased their price target on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a report on Thursday, January 23rd. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $62.00 price target (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $64.00.

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.