Crossmark Global Holdings Inc. Buys 712 Shares of Brookfield Co. (NYSE:BN)

Crossmark Global Holdings Inc. boosted its position in Brookfield Co. (NYSE:BN) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,771 shares of the company’s stock after purchasing an additional 712 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Brookfield were worth $3,147,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its holdings in Brookfield by 10.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company’s stock worth $148,000 after purchasing an additional 245 shares during the last quarter. Eldred Rock Partners LLC grew its stake in Brookfield by 0.3% during the 4th quarter. Eldred Rock Partners LLC now owns 270,540 shares of the company’s stock worth $15,531,000 after buying an additional 866 shares during the last quarter. Smith Salley Wealth Management grew its stake in Brookfield by 1.0% during the 4th quarter. Smith Salley Wealth Management now owns 429,698 shares of the company’s stock worth $24,686,000 after buying an additional 4,328 shares during the last quarter. Triangle Securities Wealth Management raised its stake in Brookfield by 11.2% in the fourth quarter. Triangle Securities Wealth Management now owns 90,137 shares of the company’s stock valued at $5,178,000 after buying an additional 9,048 shares during the last quarter. Finally, Chemistry Wealth Management LLC boosted its holdings in Brookfield by 10.1% in the fourth quarter. Chemistry Wealth Management LLC now owns 252,597 shares of the company’s stock worth $14,512,000 after acquiring an additional 23,159 shares in the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Price Performance

Shares of BN opened at $58.96 on Thursday. The business’s 50-day moving average is $58.18 and its two-hundred day moving average is $52.91. The company has a market capitalization of $88.94 billion, a P/E ratio of 125.45 and a beta of 1.56. Brookfield Co. has a fifty-two week low of $38.18 and a fifty-two week high of $62.44. 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 Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BN shares. BMO Capital Markets restated an “outperform” rating and set a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. Scotiabank raised their target price on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to 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.