Brookfield Co. (NYSE:BN) Shares Sold by First Pacific Financial

First Pacific Financial cut its holdings in shares of Brookfield Co. (NYSE:BN) by 3.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,397 shares of the company’s stock after selling 533 shares during the period. First Pacific Financial’s holdings in Brookfield were worth $942,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its holdings in Brookfield by 31.6% during the third 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 in the last quarter. Toronto Dominion Bank lifted its stake in Brookfield by 23.4% in the 3rd quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock valued at $364,152,000 after buying an additional 1,301,072 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Brookfield by 4,149.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 776,346 shares of the company’s stock worth $41,263,000 after buying an additional 758,076 shares during the last quarter. Bamco Inc. NY increased its stake in Brookfield by 62.6% during the 3rd quarter. Bamco Inc. NY now owns 1,949,472 shares of the company’s stock worth $103,614,000 after buying an additional 750,726 shares in the last quarter. Finally, Glazer Capital LLC acquired a new position in shares of Brookfield during the second quarter valued at approximately $30,740,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Performance

NYSE:BN opened at $57.51 on Friday. The company’s 50-day moving average is $58.11 and its two-hundred day moving average is $52.38. Brookfield Co. has a 1-year low of $37.79 and a 1-year high of $62.44. 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 firm has a market capitalization of $86.75 billion, a price-to-earnings ratio of 122.36 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 given a $0.08 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 annualized dividend and a yield of 0.56%. Brookfield’s payout ratio is 68.09%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. BMO Capital Markets reiterated an “outperform” rating and set a $62.00 price target (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Scotiabank increased 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, November 15th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Brookfield has a consensus rating of “Moderate Buy” and a consensus target price 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.