Brookfield Co. (NYSE:BN) Shares Sold by Scharf Investments LLC

Scharf Investments LLC decreased its holdings in shares of Brookfield Co. (NYSE:BN) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,114,865 shares of the company’s stock after selling 253,905 shares during the quarter. Brookfield makes up approximately 7.0% of Scharf Investments LLC’s holdings, making the stock its 2nd biggest holding. Scharf Investments LLC owned 0.25% of Brookfield worth $236,400,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. First Personal Financial Services bought a new position in Brookfield in the 3rd quarter worth about $42,000. FSA Wealth Management LLC acquired a new stake in Brookfield in the 3rd quarter valued at approximately $42,000. Prestige Wealth Management Group LLC raised its stake in Brookfield by 137.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after acquiring an additional 500 shares in the last quarter. Continuum Advisory LLC bought a new position in shares of Brookfield in the third quarter worth $55,000. Finally, Pinnacle Bancorp Inc. boosted its stake in Brookfield by 29.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock valued at $56,000 after purchasing an additional 221 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. CIBC increased their price objective on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research report on Thursday, January 23rd. BMO Capital Markets restated an “outperform” rating and set a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. Morgan Stanley initiated coverage on Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 target price for the company. Finally, Scotiabank upped their price target on Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Brookfield presently has an average rating of “Moderate Buy” and an average price target of $60.06.

Brookfield Trading Down 1.4 %

Brookfield stock opened at $61.20 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. The company has a market capitalization of $100.73 billion, a price-to-earnings ratio of 130.22 and a beta of 1.56. The company’s fifty day moving average price is $58.68 and its two-hundred day moving average price is $53.64. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78.

Brookfield Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was 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.