Duncan Williams Asset Management LLC Has $749,000 Stock Holdings in Brookfield Co. (NYSE:BN)

Duncan Williams Asset Management LLC decreased its stake in Brookfield Co. (NYSE:BN) by 2.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,030 shares of the company’s stock after selling 313 shares during the quarter. Duncan Williams Asset Management LLC’s holdings in Brookfield were worth $749,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Brookfield by 131.9% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company’s stock valued at $24,594,000 after buying an additional 263,375 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Brookfield by 5.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company’s stock valued at $9,764,000 after purchasing an additional 9,915 shares during the period. Geode Capital Management LLC lifted its position in shares of Brookfield by 10.9% in the third quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company’s stock worth $320,670,000 after purchasing an additional 591,757 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Brookfield by 10.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company’s stock worth $189,507,000 after purchasing an additional 351,231 shares during the period. Finally, Partners Group Holding AG grew its position in Brookfield by 53.5% during the third quarter. Partners Group Holding AG now owns 409,303 shares of the company’s stock valued at $21,754,000 after purchasing an additional 142,603 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Price Performance

Shares of Brookfield stock opened at $61.09 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.40. The firm has a fifty day simple moving average of $58.30 and a 200-day simple moving average of $53.15. The stock has a market capitalization of $100.54 billion, a price-to-earnings ratio of 129.97 and a beta of 1.56. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.44.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Monday, December 16th. Brookfield’s dividend payout ratio is currently 68.09%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BN shares. BMO Capital Markets reissued an “outperform” rating and set a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Scotiabank upped their target price on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 15th. Morgan Stanley assumed coverage on Brookfield in a report on Thursday. They set an “overweight” rating and a $80.00 price target for the company. Finally, CIBC boosted their price target on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $60.06.

Brookfield Company 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.