Private Management Group Inc. Has $33.55 Million Stock Holdings in Brookfield Co. (NYSE:BN)

Private Management Group Inc. reduced its position in Brookfield Co. (NYSE:BN - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 584,013 shares of the company's stock after selling 10,112 shares during the quarter. Brookfield comprises about 1.2% of Private Management Group Inc.'s portfolio, making the stock its 17th largest position. Private Management Group Inc.'s holdings in Brookfield were worth $33,552,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. First Personal Financial Services acquired a new stake in Brookfield in the third quarter valued at about $42,000. FSA Wealth Management LLC bought a new position in shares of Brookfield in the third quarter worth about $42,000. Prestige Wealth Management Group LLC boosted its stake in shares of 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 in the last quarter. Continuum Advisory LLC bought a new stake in shares of Brookfield during the 3rd quarter valued at approximately $55,000. Finally, Pinnacle Bancorp Inc. increased 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 in the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Trading Down 1.0 %

Shares of BN traded down $0.58 during mid-day trading on Friday, reaching $59.48. 1,497,256 shares of the company were exchanged, compared to its average volume of 2,124,467. The business has a 50 day simple moving average of $58.54 and a two-hundred day simple moving average of $54.13. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17. The stock has a market capitalization of $97.89 billion, a PE ratio of 126.56 and a beta of 1.57. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.78.

Brookfield Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given 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 0.54%. Brookfield's dividend payout ratio (DPR) is currently 68.09%.

Analyst Ratings Changes

A number of analysts have weighed in on BN shares. BMO Capital Markets restated an "outperform" rating and issued a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Scotiabank raised their price objective on 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 issued an "overweight" rating and a $80.00 target price for the company. Finally, CIBC lifted their price target on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $60.28.

About Brookfield

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.