Hohimer Wealth Management LLC Reduces Holdings in Brookfield Co. (NYSE:BN)

Hohimer Wealth Management LLC lessened its holdings in Brookfield Co. (NYSE:BN) by 0.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 101,097 shares of the company’s stock after selling 215 shares during the period. Brookfield accounts for approximately 1.2% of Hohimer Wealth Management LLC’s portfolio, making the stock its 16th largest holding. Hohimer Wealth Management LLC’s holdings in Brookfield were worth $5,373,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Rehmann Capital Advisory Group acquired a new stake in shares of Brookfield during the 3rd quarter worth about $241,000. Toronto Dominion Bank lifted its stake in shares of Brookfield by 23.4% during the third 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 during the period. Wilson & Boucher Capital Management LLC acquired a new stake in Brookfield during the third quarter worth approximately $188,000. Geode Capital Management LLC grew its stake in Brookfield by 10.9% in the 3rd quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company’s stock worth $320,670,000 after acquiring an additional 591,757 shares during the period. Finally, Frisch Financial Group Inc. grew its stake in Brookfield by 11.4% in the 3rd quarter. Frisch Financial Group Inc. now owns 7,458 shares of the company’s stock worth $396,000 after acquiring an additional 765 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Trading Up 0.0 %

NYSE BN opened at $59.16 on Wednesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17. Brookfield Co. has a one year low of $35.66 and a one year high of $62.44. The company’s 50 day moving average price is $56.35 and its 200 day moving average price is $49.59. The firm has a market capitalization of $97.42 billion, a price-to-earnings ratio of 125.87 and a beta of 1.55.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, December 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.54%. Brookfield’s payout ratio is 68.09%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. 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 note on Friday, November 15th. Scotiabank increased their target price on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research report 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.com, Brookfield presently has an average rating of “Moderate Buy” and a consensus target price of $55.31.

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.