Janney Montgomery Scott LLC Increases Stock Holdings in Brookfield Co. (NYSE:BN)

Janney Montgomery Scott LLC lifted its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 19.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,583 shares of the company's stock after buying an additional 11,136 shares during the quarter. Janney Montgomery Scott LLC's holdings in Brookfield were worth $3,940,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BN. First Personal Financial Services purchased a new stake in Brookfield in the third quarter valued at approximately $42,000. FSA Wealth Management LLC acquired a new position in shares of Brookfield in the 3rd quarter valued at $42,000. Prestige Wealth Management Group LLC raised its position in Brookfield by 137.0% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company's stock valued at $46,000 after purchasing an additional 500 shares during the last quarter. Continuum Advisory LLC acquired a new stake in Brookfield during the 3rd quarter worth $55,000. Finally, Pinnacle Bancorp Inc. grew its position 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 purchasing an additional 221 shares during the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on BN shares. Morgan Stanley assumed coverage on shares of Brookfield in a report on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 target price for the company. Scotiabank upped their price objective on Brookfield from $65.00 to $69.00 and gave the company a "sector outperform" rating in a research note on Friday, November 15th. CIBC lifted their target price on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research note on Thursday, January 23rd. Finally, BMO Capital Markets restated an "outperform" rating and set a $62.00 price target (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $60.06.

Brookfield Price Performance

BN stock traded down $0.85 on Friday, reaching $61.20. 2,343,910 shares of the company's stock were exchanged, compared to its average volume of 2,396,844. Brookfield Co. has a twelve month low of $38.18 and a twelve month 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 fifty day moving average of $58.68 and a 200-day moving average of $53.64. The firm has a market cap of $100.73 billion, a PE ratio of 130.22 and a beta of 1.56.

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 issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.52%. 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.