FSA Wealth Management LLC Acquires New Shares in Brookfield Co. (NYSE:BN)

FSA Wealth Management LLC bought a new position in shares of Brookfield Co. (NYSE:BN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 788 shares of the company’s stock, valued at approximately $42,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BN. Price T Rowe Associates Inc. MD boosted its stake in Brookfield by 4.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 109,552 shares of the company’s stock worth $4,587,000 after buying an additional 4,428 shares during the period. Jane Street Group LLC increased its holdings in Brookfield by 1.9% in the 1st quarter. Jane Street Group LLC now owns 222,916 shares of the company’s stock valued at $9,333,000 after purchasing an additional 4,103 shares during the last quarter. Walleye Trading LLC purchased a new stake in Brookfield in the first quarter valued at approximately $367,000. Cetera Investment Advisers lifted its stake in Brookfield by 1,022.6% during the first quarter. Cetera Investment Advisers now owns 272,807 shares of the company’s stock worth $11,427,000 after purchasing an additional 248,506 shares in the last quarter. Finally, Cetera Advisors LLC boosted its position in shares of Brookfield by 183.9% during the first quarter. Cetera Advisors LLC now owns 17,937 shares of the company’s stock worth $751,000 after buying an additional 11,620 shares during the period. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BN shares. Scotiabank boosted their price objective on Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a report on Friday, November 15th. BMO Capital Markets reiterated an “outperform” rating and set a $62.00 price target (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Royal Bank of Canada reduced their price target on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. TD Securities boosted their price target on shares of Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, Keefe, Bruyette & Woods raised their price target on Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $55.31.

Brookfield Price Performance

Shares of NYSE:BN opened at $61.39 on Monday. 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 $34.97 and a one year high of $61.77. The company has a 50-day simple moving average of $55.34 and a 200-day simple moving average of $48.79. The stock has a market capitalization of $101.09 billion, a price-to-earnings ratio of 130.62 and a beta of 1.53.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.52%. 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.