Washburn Capital Management Inc. Invests $294,000 in Brookfield Co. (NYSE:BN)

Washburn Capital Management Inc. acquired a new stake in Brookfield Co. (NYSE:BN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 5,125 shares of the company's stock, valued at approximately $294,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wedmont Private Capital bought a new stake in shares of Brookfield during the 3rd quarter worth about $300,000. UMB Bank n.a. boosted its holdings in shares of Brookfield by 28.1% during 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 period. Valeo Financial Advisors LLC acquired a new position in shares of Brookfield in the third quarter valued at approximately $210,000. Ritholtz Wealth Management increased its stake in shares of Brookfield by 85.4% during the third quarter. Ritholtz Wealth Management now owns 37,848 shares of the company's stock worth $2,012,000 after purchasing an additional 17,439 shares during the period. Finally, Sivia Capital Partners LLC bought a new stake in Brookfield in the 3rd quarter valued at $234,000. 61.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BN has been the topic of several recent research reports. TD Securities raised their target price on shares of Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday. CIBC increased their target price on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a report on Thursday, January 23rd. Morgan Stanley started coverage on Brookfield in a research report on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 price target on the stock. Scotiabank upped their price objective on shares of Brookfield from $69.00 to $71.00 and gave the stock a "sector outperform" rating in a research report on Monday, February 3rd. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $62.00 target price (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $64.00.

Brookfield Trading Down 0.2 %

Shares of NYSE BN traded down $0.10 during trading on Wednesday, reaching $58.58. The company had a trading volume of 1,527,537 shares, compared to its average volume of 2,173,911. Brookfield Co. has a 12 month low of $38.18 and a 12 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 market cap of $96.41 billion, a P/E ratio of 124.64 and a beta of 1.57. The company's fifty day moving average price is $58.41 and its 200-day moving average price is $54.39.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.08 per share. 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 dividend payout ratio is presently 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.