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

Foundations Investment Advisors LLC increased its position in shares of Brookfield Co. (NYSE:BN) by 3.9% during the 4th quarter, Holdings Channel reports. The fund owned 24,208 shares of the company’s stock after buying an additional 915 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Brookfield were worth $1,391,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. boosted its position in shares of Brookfield by 29.5% during the fourth 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. MassMutual Private Wealth & Trust FSB lifted its holdings in Brookfield by 10.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company’s stock worth $148,000 after acquiring an additional 245 shares in the last quarter. First Trust Direct Indexing L.P. lifted its holdings in Brookfield by 2.9% during the third quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company’s stock worth $551,000 after acquiring an additional 292 shares in the last quarter. Caprock Group LLC grew its stake in Brookfield by 2.5% in the third quarter. Caprock Group LLC now owns 12,332 shares of the company’s stock valued at $655,000 after acquiring an additional 300 shares during the period. Finally, PFG Investments LLC increased its holdings in shares of Brookfield by 3.5% in the fourth quarter. PFG Investments LLC now owns 10,379 shares of the company’s stock worth $596,000 after acquiring an additional 350 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BN shares. Morgan Stanley initiated coverage on Brookfield in a research report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price objective for the company. CIBC upped their price target on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd. BMO Capital Markets restated an “outperform” rating and set a $62.00 price objective (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. Finally, Scotiabank upped their target price on shares of Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $60.06.

Brookfield Stock Up 0.5 %

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

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 dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.53%. Brookfield’s payout ratio is 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.