Parkside Investments LLC Sells 5,162 Shares of Brookfield Co. (NYSE:BN)

Parkside Investments LLC decreased its position in shares of Brookfield Co. (NYSE:BN) by 2.5% during the 4th quarter, Holdings Channel reports. The fund owned 200,863 shares of the company’s stock after selling 5,162 shares during the quarter. Brookfield accounts for about 1.7% of Parkside Investments LLC’s investment portfolio, making the stock its 15th biggest holding. Parkside Investments LLC’s holdings in Brookfield were worth $11,540,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BN. First Personal Financial Services acquired a new stake in shares of Brookfield during the third quarter worth about $42,000. FSA Wealth Management LLC acquired a new stake in Brookfield during the 3rd quarter worth approximately $42,000. Prestige Wealth Management Group LLC lifted its stake in Brookfield by 137.0% in the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after buying an additional 500 shares in the last quarter. Continuum Advisory LLC bought a new position in Brookfield in the third quarter valued at approximately $55,000. Finally, Pinnacle Bancorp Inc. boosted its holdings 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 buying an additional 221 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $62.00 price objective (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Morgan Stanley began coverage on Brookfield in a report on Thursday. They issued an “overweight” rating and a $80.00 price target on the stock. CIBC upped their price objective on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday. Finally, Scotiabank lifted their target price on 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 stock. Based on data from MarketBeat.com, Brookfield presently has a consensus rating of “Moderate Buy” and an average price target of $60.06.

Brookfield Stock Up 2.5 %

NYSE:BN opened at $61.09 on Monday. The firm has a market capitalization of $100.54 billion, a price-to-earnings ratio of 129.97 and a beta of 1.56. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. Brookfield Co. has a twelve month low of $38.18 and a twelve month high of $62.44. The stock’s 50 day moving average price is $58.30 and its two-hundred day moving average price is $53.22.

Brookfield Announces Dividend

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