PFG Investments LLC raised its holdings in Brookfield Co. (NYSE:BN – Free Report) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,379 shares of the company’s stock after purchasing an additional 350 shares during the quarter. PFG Investments LLC’s holdings in Brookfield were worth $596,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. First Personal Financial Services purchased a new position in shares of Brookfield during the third quarter worth $42,000. FSA Wealth Management LLC purchased a new position in Brookfield during the 3rd quarter valued at about $42,000. Prestige Wealth Management Group LLC boosted its holdings in Brookfield by 137.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after acquiring an additional 500 shares during the period. Continuum Advisory LLC purchased a new stake in Brookfield during the third quarter worth about $55,000. Finally, Pinnacle Bancorp Inc. lifted its position in shares of Brookfield by 29.5% during the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after purchasing an additional 221 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.
Brookfield Price Performance
Shares of NYSE BN opened at $60.49 on Thursday. The stock’s 50-day simple moving average is $58.53 and its 200-day simple moving average is $53.47. The firm has a market capitalization of $99.55 billion, a PE ratio of 128.69 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 Announces Dividend
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on BN shares. 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. Morgan Stanley began coverage on Brookfield in a research report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective on the stock. Scotiabank boosted 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. Finally, CIBC increased their price target on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Brookfield currently has an average rating of “Moderate Buy” and an average target price of $60.06.
View Our Latest Research Report on BN
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.
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