Pinnacle Bancorp Inc. Acquires 221 Shares of Brookfield Co. (NYSE:BN)

Pinnacle Bancorp Inc. raised its stake in shares of Brookfield Co. (NYSE:BN) by 29.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 969 shares of the company’s stock after buying an additional 221 shares during the period. Pinnacle Bancorp Inc.’s holdings in Brookfield were worth $56,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BN. First Personal Financial Services acquired a new position in shares of Brookfield during the third quarter worth approximately $42,000. FSA Wealth Management LLC acquired a new position in Brookfield during the 3rd quarter valued at $42,000. Prestige Wealth Management Group LLC boosted its holdings in Brookfield by 137.0% in the 3rd 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 period. Continuum Advisory LLC bought a new stake in Brookfield in the 3rd quarter valued at $55,000. Finally, Coastline Trust Co acquired a new stake in Brookfield in the 3rd quarter worth $74,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Performance

Brookfield stock opened at $57.51 on Friday. The stock has a 50-day simple moving average of $58.11 and a 200 day simple moving average of $52.34. The stock has a market capitalization of $86.75 billion, a price-to-earnings ratio of 122.36 and a beta of 1.56. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. Brookfield Co. has a 12-month low of $37.79 and a 12-month high of $62.44.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Monday, December 16th. Brookfield’s dividend payout ratio is presently 68.09%.

Wall Street Analyst Weigh In

Several research firms have commented on BN. BMO Capital Markets reaffirmed an “outperform” rating and issued a $62.00 price target (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. Scotiabank upped their target price on Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $55.31.

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.