Foundations Investment Advisors LLC Has $1.39 Million Stock Holdings in Brookfield Co. (NYSE:BN)

Foundations Investment Advisors LLC lifted its holdings in shares of Brookfield Co. (NYSE:BN) by 3.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 24,208 shares of the company’s stock after acquiring an additional 915 shares during the period. Foundations Investment Advisors LLC’s holdings in Brookfield were worth $1,391,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BN. First Personal Financial Services acquired a new stake in shares of Brookfield in the 3rd quarter valued at $42,000. FSA Wealth Management LLC acquired a new position in Brookfield in the third quarter valued at about $42,000. Prestige Wealth Management Group LLC grew its stake in Brookfield by 137.0% during the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after buying an additional 500 shares during the last quarter. Continuum Advisory LLC acquired a new stake in shares of Brookfield during the third quarter worth approximately $55,000. Finally, Pinnacle Bancorp Inc. raised its stake in shares of Brookfield by 29.5% in the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock valued at $56,000 after acquiring an additional 221 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Trading Up 0.5 %

BN opened at $60.40 on Wednesday. The firm has a 50 day simple moving average of $58.45 and a 200 day simple moving average of $53.43. Brookfield Co. has a fifty-two week low of $38.18 and a fifty-two week high of $62.44. The company has a market cap of $99.41 billion, a price-to-earnings ratio of 128.52 and a beta of 1.56. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03.

Brookfield Announces Dividend

The firm 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 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, December 16th. Brookfield’s payout ratio is 68.09%.

Analyst Upgrades and Downgrades

BN has been the subject of a number of recent analyst reports. CIBC raised their price target on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd. Scotiabank raised their target price on Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research note on Friday, November 15th. BMO Capital Markets reiterated an “outperform” rating and set a $62.00 price target (up previously from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Finally, Morgan Stanley assumed coverage on shares of Brookfield in a research report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $60.06.

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.