Baker Tilly Wealth Management LLC Sells 359 Shares of Brookfield Co. (NYSE:BN)

Baker Tilly Wealth Management LLC trimmed its stake in Brookfield Co. (NYSE:BN) by 2.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,467 shares of the company’s stock after selling 359 shares during the period. Baker Tilly Wealth Management LLC’s holdings in Brookfield were worth $774,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in BN. First Personal Financial Services acquired a new stake in shares of Brookfield in the third quarter valued at about $42,000. FSA Wealth Management LLC acquired a new stake in Brookfield in the 3rd quarter valued at approximately $42,000. Prestige Wealth Management Group LLC grew its holdings in 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 buying an additional 500 shares during the last quarter. Continuum Advisory LLC bought a new position in Brookfield in the 3rd quarter worth approximately $55,000. Finally, Coastline Trust Co acquired a new position in shares of Brookfield during the third quarter worth approximately $74,000. 61.60% of the stock is owned by institutional investors.

Brookfield Trading Down 3.9 %

BN traded down $2.28 during trading on Friday, reaching $56.10. 750,289 shares of the company’s stock were exchanged, compared to its average volume of 2,216,647. Brookfield Co. has a fifty-two week low of $37.79 and a fifty-two week high of $62.44. The company’s fifty day moving average price is $58.06 and its 200-day moving average price is $51.87. 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 firm has a market capitalization of $84.63 billion, a PE ratio of 119.36 and a beta of 1.56.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.08 per share. The ex-dividend date was Monday, December 16th. This represents a $0.32 annualized dividend and a yield of 0.57%. Brookfield’s dividend payout ratio is presently 68.09%.

Analyst Upgrades and Downgrades

Several research firms have commented on BN. Scotiabank upped their price target on Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a report on Friday, November 15th. BMO Capital Markets restated an “outperform” rating and issued a $62.00 target price (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Brookfield currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.31.

Brookfield Company 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.