First Western Trust Bank Has $218,000 Position in Brookfield Co. (NYSE:BN)

First Western Trust Bank decreased its position in shares of Brookfield Co. (NYSE:BN) by 23.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,097 shares of the company’s stock after selling 1,284 shares during the period. First Western Trust Bank’s holdings in Brookfield were worth $218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Blue Trust Inc. lifted its stake in Brookfield by 62.8% during the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock worth $30,000 after purchasing an additional 272 shares during the last quarter. Kings Path Partners LLC bought a new stake in shares of Brookfield during the 2nd quarter worth $31,000. First Personal Financial Services acquired a new stake in Brookfield in the third quarter valued at about $42,000. Family Firm Inc. bought a new position in Brookfield in the second quarter valued at about $36,000. Finally, Nisa Investment Advisors LLC raised its stake in Brookfield by 63.5% during the second quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company’s stock worth $48,000 after acquiring an additional 450 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Down 1.7 %

Shares of NYSE:BN opened at $56.79 on Monday. The business’s 50-day moving average is $53.47 and its 200-day moving average is $47.75. Brookfield Co. has a 1 year low of $33.61 and a 1 year high of $60.20. The company has a market capitalization of $93.52 billion, a price-to-earnings ratio of 120.83 and a beta of 1.53. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.03.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Monday, December 16th. Brookfield’s payout ratio is 68.09%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BN shares. Keefe, Bruyette & Woods raised their price target on shares of Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a research note on Friday, August 9th. Scotiabank raised their target price on shares of Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research report on Friday. TD Securities upped their price target on shares of Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, August 12th. JPMorgan Chase & Co. raised their price objective on Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $62.00 target price (up from $50.00) on shares of Brookfield in a research report on Friday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.31.

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.