Summit Trail Advisors LLC Sells 574 Shares of Brookfield Co. (NYSE:BN)

Summit Trail Advisors LLC decreased its stake in Brookfield Co. (NYSE:BN) by 2.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 28,668 shares of the company’s stock after selling 574 shares during the quarter. Summit Trail Advisors LLC’s holdings in Brookfield were worth $1,647,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its holdings in shares of Brookfield by 31.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock valued at $623,783,000 after purchasing an additional 2,818,716 shares during the last quarter. EdgePoint Investment Group Inc. grew its holdings in shares of Brookfield by 1.7% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 11,512,817 shares of the company’s stock valued at $611,383,000 after purchasing an additional 196,790 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of Brookfield by 23.4% during the 3rd quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock valued at $364,152,000 after purchasing an additional 1,301,072 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Brookfield by 10.9% during the 3rd quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company’s stock valued at $320,670,000 after purchasing an additional 591,757 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Brookfield by 10.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company’s stock valued at $189,507,000 after purchasing an additional 351,231 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Trading Down 0.2 %

NYSE:BN opened at $59.42 on Tuesday. The company has a 50-day moving average price of $58.50 and a 200-day moving average price of $54.28. Brookfield Co. has a 12 month low of $38.18 and a 12 month high of $62.78. 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 stock has a market cap of $97.79 billion, a price-to-earnings ratio of 126.43 and a beta of 1.57.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.08 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.54%. Brookfield’s dividend payout ratio is 68.09%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BN shares. CIBC increased their target price on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd. Scotiabank increased their price target on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research report on Monday, February 3rd. BMO Capital Markets reissued an “outperform” rating and set a $62.00 price target (up previously from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Finally, Morgan Stanley began coverage on shares of Brookfield in a research report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price target for the company. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Brookfield currently has an average rating of “Moderate Buy” and an average price target of $62.50.

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.