Triasima Portfolio Management inc. Sells 42,080 Shares of Brookfield Co. (NYSE:BN)

Triasima Portfolio Management inc. trimmed its holdings in shares of Brookfield Co. (NYSE:BN - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 387,470 shares of the company's stock after selling 42,080 shares during the period. Brookfield comprises about 4.3% of Triasima Portfolio Management inc.'s portfolio, making the stock its 2nd largest position. Triasima Portfolio Management inc.'s holdings in Brookfield were worth $22,259,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BN. Atomi Financial Group Inc. increased its holdings in 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 buying an additional 3,005 shares during the period. Strategic Wealth Partners Ltd. increased its holdings in Brookfield by 6.8% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 10,059 shares of the company's stock worth $535,000 after acquiring an additional 640 shares in the last quarter. Wedmont Private Capital purchased a new position in Brookfield in the 3rd quarter valued at about $300,000. UMB Bank n.a. boosted its stake in shares of Brookfield by 28.1% in the third quarter. UMB Bank n.a. now owns 7,532 shares of the company's stock worth $400,000 after acquiring an additional 1,654 shares during the last quarter. Finally, New England Professional Planning Group Inc. purchased a new stake in shares of Brookfield during the third quarter worth $239,000. 61.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BN has been the topic of several recent research reports. CIBC boosted their price target on shares of Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research report on Thursday, January 23rd. Scotiabank boosted their price target on shares of Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a research note on Monday, February 3rd. Morgan Stanley initiated coverage on shares of Brookfield in a research report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 price objective for the company. TD Securities boosted their price target on shares of Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, BMO Capital Markets restated an "outperform" rating and issued a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a research report on Friday, November 15th. 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 presently has an average rating of "Moderate Buy" and an average target price of $64.00.

Brookfield Trading Down 1.4 %

BN traded down $0.81 during trading on Tuesday, hitting $58.59. The company's stock had a trading volume of 879,257 shares, compared to its average volume of 2,176,811. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. The stock has a market cap of $96.43 billion, a PE ratio of 124.63 and a beta of 1.57. The firm's 50 day moving average price is $58.50 and its 200-day moving average price is $54.28. Brookfield Co. has a twelve month low of $38.18 and a twelve month high of $62.78.

Brookfield Announces Dividend

The company 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 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Monday, December 16th. Brookfield's payout ratio is currently 68.09%.

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.