Simon Quick Advisors LLC Makes New $449,000 Investment in Brookfield Co. (NYSE:BN)

Simon Quick Advisors LLC bought a new stake in shares of Brookfield Co. (NYSE:BN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,815 shares of the company’s stock, valued at approximately $449,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. First Personal Financial Services bought a new stake in shares of Brookfield in the 3rd quarter valued at approximately $42,000. FSA Wealth Management LLC bought a new stake in Brookfield in the third quarter worth $42,000. Prestige Wealth Management Group LLC boosted 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 period. Continuum Advisory LLC bought a new position in Brookfield during the third quarter valued at $55,000. Finally, Pinnacle Bancorp Inc. increased its position 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 acquiring an additional 221 shares during the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Trading Up 1.0 %

Shares of NYSE BN opened at $59.52 on Friday. Brookfield Co. has a twelve month low of $38.18 and a twelve month high of $62.44. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. The business has a fifty day simple moving average of $58.21 and a two-hundred day simple moving average of $52.96. The firm has a market cap of $97.95 billion, a PE ratio of 126.63 and a beta of 1.56.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Monday, December 16th. Brookfield’s dividend payout ratio (DPR) is presently 68.09%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BN shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 price target (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. CIBC boosted their target price on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research report on Thursday. Scotiabank increased their price target on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a report on Friday, November 15th. Finally, Morgan Stanley started coverage on Brookfield in a research note on Thursday. They set an “overweight” rating and a $80.00 price target for the company. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Brookfield currently has a consensus rating of “Moderate Buy” and an average target price of $60.06.

Brookfield 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.