Simon Quick Advisors LLC Takes Position in Brookfield Co. (NYSE:BN)

Simon Quick Advisors LLC bought a new position in Brookfield Co. (NYSE:BN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,815 shares of the company’s stock, valued at approximately $449,000.

A number of other large investors have also added to or reduced their stakes in BN. American Century Companies Inc. grew its stake in shares of Brookfield by 11.1% during the 2nd quarter. American Century Companies Inc. now owns 63,788 shares of the company’s stock valued at $2,653,000 after purchasing an additional 6,389 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Brookfield by 186.0% in the second quarter. EverSource Wealth Advisors LLC now owns 3,163 shares of the company’s stock worth $131,000 after buying an additional 2,057 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Brookfield by 184.8% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 199,750 shares of the company’s stock valued at $8,309,000 after buying an additional 129,604 shares during the period. APG Asset Management N.V. increased its holdings in Brookfield by 224.2% during the second quarter. APG Asset Management N.V. now owns 169,332 shares of the company’s stock valued at $6,570,000 after buying an additional 117,100 shares during the last quarter. Finally, Millennium Management LLC raised its position in Brookfield by 221.6% in the second quarter. Millennium Management LLC now owns 345,545 shares of the company’s stock worth $14,363,000 after acquiring an additional 238,104 shares during the period. Institutional investors own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on BN. Scotiabank upped their price objective on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 15th. Morgan Stanley started coverage on Brookfield in a report on Thursday. They set an “overweight” rating and a $80.00 price target for the company. CIBC raised their price objective on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $62.00 price objective (up from $50.00) on shares of Brookfield in a research note 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.06.

Brookfield Trading Up 1.0 %

Shares of BN opened at $59.52 on Friday. The firm has a market cap of $97.95 billion, a P/E ratio of 126.63 and a beta of 1.56. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. Brookfield Co. has a 1 year low of $38.18 and a 1 year high of $62.44. The company has a 50 day simple moving average of $58.21 and a two-hundred day simple moving average of $52.96.

Brookfield Announces Dividend

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

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.