Tenon Financial LLC Purchases Shares of 9,788 Brookfield Co. (NYSE:BN)

Tenon Financial LLC acquired a new position in Brookfield Co. (NYSE:BN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 9,788 shares of the company's stock, valued at approximately $563,000. Brookfield makes up 0.4% of Tenon Financial LLC's holdings, making the stock its 24th largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Brookfield by 131.9% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company's stock worth $24,594,000 after purchasing an additional 263,375 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Brookfield by 5.7% during the third quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company's stock valued at $9,764,000 after buying an additional 9,915 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Brookfield by 10.9% during the third quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company's stock valued at $320,670,000 after buying an additional 591,757 shares in the last quarter. Charles Schwab Investment Management Inc. grew 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 valued at $189,507,000 after buying an additional 351,231 shares in the last quarter. Finally, Partners Group Holding AG grew its holdings in shares of 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 buying an additional 142,603 shares in the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Stock Down 0.2 %

NYSE BN traded down $0.10 on Wednesday, reaching $58.58. The stock had a trading volume of 1,527,537 shares, compared to its average volume of 2,173,911. The business has a 50 day moving average price of $58.41 and a 200 day moving average price of $54.39. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.40. Brookfield Co. has a 1 year low of $38.18 and a 1 year high of $62.78. The company has a market capitalization of $96.41 billion, a price-to-earnings ratio of 124.64 and a beta of 1.57.

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a dividend of $0.08 per share. The ex-dividend date was Monday, December 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.55%. Brookfield's dividend payout ratio (DPR) is presently 68.09%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on BN shares. BMO Capital Markets reiterated an "outperform" rating and set a $62.00 price target (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. Morgan Stanley started coverage on Brookfield in a report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 price target on the stock. TD Securities lifted their price target on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday. CIBC lifted their price target on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a report on Thursday, January 23rd. Finally, Scotiabank boosted their target price on Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Brookfield presently has a consensus rating of "Moderate Buy" and an average price target of $64.00.

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.