Apexium Financial LP Has $641,000 Stock Holdings in Brookfield Co. (NYSE:BN)

Apexium Financial LP lowered its position in shares of Brookfield Co. (NYSE:BN) by 7.3% in the fourth quarter, HoldingsChannel reports. The firm owned 11,161 shares of the company’s stock after selling 882 shares during the period. Apexium Financial LP’s holdings in Brookfield were worth $641,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. raised its stake in shares of Brookfield by 29.5% in the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock valued at $56,000 after acquiring an additional 221 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Brookfield by 10.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company’s stock valued at $148,000 after buying an additional 245 shares in the last quarter. First Trust Direct Indexing L.P. raised its holdings in shares of Brookfield by 2.9% in the third quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company’s stock valued at $551,000 after buying an additional 292 shares during the last quarter. Caprock Group LLC lifted its position in Brookfield by 2.5% during the 3rd quarter. Caprock Group LLC now owns 12,332 shares of the company’s stock worth $655,000 after buying an additional 300 shares in the last quarter. Finally, PFG Investments LLC grew its holdings in Brookfield by 3.5% during the 4th quarter. PFG Investments LLC now owns 10,379 shares of the company’s stock worth $596,000 after acquiring an additional 350 shares during the last quarter. 61.60% of the stock is owned by institutional investors.

Brookfield Stock Performance

BN opened at $61.09 on Monday. The company has a market capitalization of $100.54 billion, a price-to-earnings ratio of 129.97 and a beta of 1.56. The business’s 50-day moving average price is $58.30 and its two-hundred day moving average price is $53.22. Brookfield Co. has a 1 year low of $38.18 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.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Monday, December 16th. Brookfield’s dividend payout ratio is presently 68.09%.

Analyst Upgrades and Downgrades

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

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.