Choreo LLC Grows Holdings in Brookfield Co. (NYSE:BN)

Choreo LLC grew its stake in Brookfield Co. (NYSE:BN) by 28.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 42,850 shares of the company’s stock after acquiring an additional 9,449 shares during the period. Choreo LLC’s holdings in Brookfield were worth $2,461,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. First Personal Financial Services purchased a new stake in Brookfield during the 3rd quarter worth approximately $42,000. FSA Wealth Management LLC purchased a new stake in Brookfield during the 3rd quarter worth approximately $42,000. Prestige Wealth Management Group LLC increased its stake in Brookfield by 137.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after buying an additional 500 shares during the period. Continuum Advisory LLC purchased a new stake in Brookfield during the 3rd quarter worth approximately $55,000. Finally, Pinnacle Bancorp Inc. increased its stake in Brookfield by 29.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after buying an additional 221 shares during the period. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Trading Up 0.7 %

NYSE BN opened at $60.05 on Friday. The firm has a 50 day moving average of $58.58 and a two-hundred day moving average of $53.99. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.78. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $98.83 billion, a PE ratio of 127.76 and a beta of 1.57.

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, December 16th. Brookfield’s payout ratio is 68.09%.

Analysts Set New Price Targets

BN has been the topic of several recent research reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 target price (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. CIBC upped their target price on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. Morgan Stanley initiated coverage on shares of Brookfield in a research note on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price on the stock. Finally, Scotiabank boosted their price target on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a report on Monday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $60.28.

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.