Brookfield Co. (NYSE:BN) Shares Sold by Live Oak Private Wealth LLC

Live Oak Private Wealth LLC decreased its holdings in Brookfield Co. (NYSE:BN - Free Report) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 216,156 shares of the company's stock after selling 6,888 shares during the period. Brookfield comprises approximately 2.1% of Live Oak Private Wealth LLC's investment portfolio, making the stock its 11th biggest holding. Live Oak Private Wealth LLC's holdings in Brookfield were worth $12,418,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Atomi Financial Group Inc. boosted 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 valued at $644,000 after acquiring an additional 3,005 shares during the last quarter. Strategic Wealth Partners Ltd. raised its position in shares of Brookfield by 6.8% in the third quarter. Strategic Wealth Partners Ltd. now owns 10,059 shares of the company's stock worth $535,000 after acquiring an additional 640 shares during the period. Wedmont Private Capital purchased a new stake in shares of Brookfield during the 3rd quarter worth about $300,000. UMB Bank n.a. grew its position in shares of 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 acquiring an additional 1,654 shares during the period. Finally, New England Professional Planning Group Inc. purchased a new position in shares of Brookfield in the 3rd quarter valued at about $239,000. Hedge funds and other institutional investors own 61.60% of the company's stock.

Wall Street Analyst Weigh In

BN has been the topic of several research analyst reports. TD Securities lifted their target price on shares of Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday. Scotiabank increased their price objective 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. Morgan Stanley initiated coverage on Brookfield in a report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 target price on the stock. BMO Capital Markets reaffirmed an "outperform" rating and issued a $62.00 price target (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. Finally, CIBC raised their target price on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Brookfield currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.00.

Brookfield Stock Down 1.2 %

NYSE:BN traded down $0.74 during trading hours on Tuesday, hitting $58.66. The company's stock had a trading volume of 843,919 shares, compared to its average volume of 2,173,947. The stock has a market capitalization of $96.55 billion, a P/E ratio of 124.87 and a beta of 1.57. The stock has a fifty day moving average of $58.50 and a 200-day moving average of $54.28. 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 52-week low of $38.18 and a 52-week high of $62.78.

Brookfield Dividend Announcement

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

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.