5,581 Shares in Brookfield Co. (NYSE:BN) Purchased by Guerra Pan Advisors LLC

Guerra Pan Advisors LLC bought a new position in Brookfield Co. (NYSE:BN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,581 shares of the company’s stock, valued at approximately $321,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BN. The Manufacturers Life Insurance Company lifted its holdings in shares of Brookfield by 31.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock worth $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% during the 3rd quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock valued at $364,152,000 after acquiring an additional 1,301,072 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Brookfield by 4,149.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 776,346 shares of the company’s stock valued at $41,263,000 after purchasing an additional 758,076 shares during the last quarter. Bamco Inc. NY increased its position in shares of Brookfield by 62.6% during the 3rd quarter. Bamco Inc. NY now owns 1,949,472 shares of the company’s stock valued at $103,614,000 after purchasing an additional 750,726 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI purchased a new stake in Brookfield in the 3rd quarter worth about $38,935,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Scotiabank lifted their target price on Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a report on Friday, November 15th. CIBC boosted their target price on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday. Morgan Stanley began coverage on Brookfield in a research note on Thursday. They issued an “overweight” rating and a $80.00 price target on the stock. Finally, BMO Capital Markets reissued an “outperform” rating and set a $62.00 target price (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Brookfield currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.06.

Brookfield Price Performance

Shares of Brookfield stock opened at $61.09 on Friday. The stock has a 50 day moving average of $58.30 and a 200 day moving average of $53.15. Brookfield Co. has a 12 month low of $38.18 and a 12 month high of $62.44. The firm has a market cap of $100.54 billion, a PE ratio of 129.97 and a beta of 1.56. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.40.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Monday, December 16th. Brookfield’s payout ratio is 68.09%.

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.