Choreo LLC Buys 9,449 Shares of Brookfield Co. (NYSE:BN)

Choreo LLC lifted its holdings in Brookfield Co. (NYSE:BN - Free Report) by 28.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 42,850 shares of the company's stock after acquiring an additional 9,449 shares during the quarter. Choreo LLC's holdings in Brookfield were worth $2,461,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in BN. Atomi Financial Group Inc. lifted its holdings in shares of Brookfield by 33.0% in the 3rd quarter. Atomi Financial Group Inc. now owns 12,124 shares of the company's stock worth $644,000 after acquiring an additional 3,005 shares during the last quarter. Strategic Wealth Partners Ltd. raised its holdings in Brookfield by 6.8% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 10,059 shares of the company's stock valued at $535,000 after buying an additional 640 shares during the last quarter. Wedmont Private Capital bought a new stake in Brookfield during the 3rd quarter valued at $300,000. UMB Bank n.a. raised its holdings in Brookfield by 28.1% during the 3rd quarter. UMB Bank n.a. now owns 7,532 shares of the company's stock valued at $400,000 after buying an additional 1,654 shares during the last quarter. Finally, New England Professional Planning Group Inc. bought a new stake in Brookfield during the 3rd quarter valued at $239,000. 61.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BN shares. Morgan Stanley started coverage on shares of Brookfield in a report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 price target for the company. Scotiabank upped their price target on shares of Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a report on Monday, February 3rd. BMO Capital Markets restated an "outperform" rating and issued a $62.00 price objective (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. Finally, CIBC upped their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $62.50.

Brookfield Stock Up 0.3 %

Shares of NYSE:BN traded up $0.16 during midday trading on Monday, reaching $59.67. The company's stock had a trading volume of 779,545 shares, compared to its average volume of 2,210,358. The firm has a 50 day moving average of $58.54 and a 200-day moving average of $54.19. The firm has a market capitalization of $98.21 billion, a P/E ratio of 126.97 and a beta of 1.57. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. Brookfield Co. has a 12-month low of $38.18 and a 12-month high of $62.78.

Brookfield Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Monday, December 16th. Brookfield's dividend payout ratio is presently 68.09%.

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.