Apollon Wealth Management LLC Has $896,000 Position in Brookfield Co. (NYSE:BN)

Apollon Wealth Management LLC increased its position in shares of Brookfield Co. (NYSE:BN) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,598 shares of the company’s stock after purchasing an additional 338 shares during the period. Apollon Wealth Management LLC’s holdings in Brookfield were worth $896,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in BN. Valeo Financial Advisors LLC acquired a new stake in Brookfield during the 3rd quarter worth approximately $210,000. Creative Planning lifted its holdings in Brookfield by 7.1% during the 3rd quarter. Creative Planning now owns 349,696 shares of the company’s stock worth $18,586,000 after purchasing an additional 23,269 shares during the last quarter. Trust Co. of Oklahoma lifted its holdings in Brookfield by 18.6% during the 3rd quarter. Trust Co. of Oklahoma now owns 7,235 shares of the company’s stock worth $385,000 after purchasing an additional 1,135 shares during the last quarter. Baskin Financial Services Inc. raised its holdings in Brookfield by 0.6% in the 3rd quarter. Baskin Financial Services Inc. now owns 938,058 shares of the company’s stock valued at $49,788,000 after acquiring an additional 6,051 shares in the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. raised its holdings in Brookfield by 0.8% in the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,757,035 shares of the company’s stock valued at $93,422,000 after acquiring an additional 14,661 shares in the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BN. CIBC lifted their price objective on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd. Morgan Stanley assumed coverage on Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price objective for the company. Scotiabank boosted their price target on Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a report on Monday, February 3rd. TD Securities boosted their price target on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, BMO Capital Markets reissued an “outperform” rating and set a $62.00 price target (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $64.00.

Brookfield Trading Down 1.2 %

Shares of BN stock opened at $58.67 on Wednesday. The firm has a market capitalization of $96.57 billion, a P/E ratio of 124.84 and a beta of 1.57. Brookfield Co. has a twelve month low of $38.18 and a twelve 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’s fifty day simple moving average is $58.46 and its 200 day simple moving average is $54.36.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given 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 0.55%. Brookfield’s dividend 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.