Cobblestone Capital Advisors LLC NY Has $23.21 Million Stock Holdings in Brookfield Co. (NYSE:BN)

Cobblestone Capital Advisors LLC NY cut its holdings in Brookfield Co. (NYSE:BN) by 15.7% in the fourth quarter, HoldingsChannel reports. The firm owned 404,014 shares of the company’s stock after selling 75,188 shares during the period. Brookfield accounts for approximately 1.3% of Cobblestone Capital Advisors LLC NY’s portfolio, making the stock its 22nd biggest holding. Cobblestone Capital Advisors LLC NY’s holdings in Brookfield were worth $23,211,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BN. Compass Planning Associates Inc acquired a new position in Brookfield in the fourth quarter worth about $30,000. First Personal Financial Services bought a new position in shares of Brookfield during the third quarter worth $42,000. FSA Wealth Management LLC acquired a new stake in shares of Brookfield during the third quarter worth $42,000. Prestige Wealth Management Group LLC increased its stake 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. Finally, Continuum Advisory LLC acquired a new stake in Brookfield in the 3rd quarter valued at $55,000. 61.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Scotiabank lifted their target price on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a report on Monday, February 3rd. TD Securities upped their price target on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. BMO Capital Markets reissued an “outperform” rating and set a $62.00 target price (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Morgan Stanley began coverage on shares of Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 target price for the company. Finally, CIBC raised their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Brookfield currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

Brookfield Stock Performance

Shares of BN stock opened at $57.88 on Friday. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78. The company’s 50-day moving average is $58.60 and its 200 day moving average is $55.46. The company has a market capitalization of $95.28 billion, a price-to-earnings ratio of 192.94 and a beta of 1.57. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.13. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. Sell-side analysts expect that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s dividend payout ratio (DPR) is presently 120.00%.

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.