96,282 Shares in Brookfield Co. (NYSE:BN) Acquired by Empirical Asset Management LLC

Empirical Asset Management LLC purchased a new stake in Brookfield Co. (NYSE:BN) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 96,282 shares of the company’s stock, valued at approximately $5,531,000.

Several other hedge funds have also recently bought and sold shares of the stock. 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 stake in shares of Brookfield during the third quarter worth approximately $42,000. Prestige Wealth Management Group LLC increased its holdings in Brookfield by 137.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after purchasing an additional 500 shares in the last quarter. Continuum Advisory LLC bought a new stake in Brookfield during the 3rd quarter worth about $55,000. Finally, Pinnacle Bancorp Inc. boosted its holdings in 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. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on BN shares. BMO Capital Markets reissued 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. Scotiabank boosted their price target 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 analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.31.

Brookfield Stock Up 1.1 %

Shares of NYSE BN opened at $57.51 on Friday. Brookfield Co. has a 52-week low of $37.79 and a 52-week high of $62.44. 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 stock has a market cap of $86.75 billion, a P/E ratio of 122.36 and a beta of 1.56. The firm has a 50 day moving average price of $58.11 and a 200 day moving average price of $52.38.

Brookfield Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Monday, December 16th. Brookfield’s dividend payout ratio (DPR) is 68.09%.

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.