Atomi Financial Group Inc. Boosts Stock Position in Brookfield Co. (NYSE:BN)

Atomi Financial Group Inc. grew its stake in Brookfield Co. (NYSE:BN) by 15.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,999 shares of the company’s stock after acquiring an additional 1,875 shares during the quarter. Atomi Financial Group Inc.’s holdings in Brookfield were worth $804,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Pinnacle Bancorp Inc. grew its stake in shares of Brookfield by 29.5% in the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after acquiring an additional 221 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in Brookfield by 10.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company’s stock worth $148,000 after purchasing an additional 245 shares during the last quarter. First Trust Direct Indexing L.P. grew its position in Brookfield by 2.9% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company’s stock worth $551,000 after purchasing an additional 292 shares during the period. Caprock Group LLC raised its stake in Brookfield by 2.5% during the 3rd quarter. Caprock Group LLC now owns 12,332 shares of the company’s stock valued at $655,000 after buying an additional 300 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Brookfield by 0.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 113,397 shares of the company’s stock valued at $6,027,000 after buying an additional 357 shares during the period. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Trading Down 1.5 %

Shares of NYSE:BN opened at $58.96 on Thursday. The stock has a 50 day moving average of $58.18 and a 200 day moving average of $52.91. The company has a market cap of $88.94 billion, a PE ratio of 125.45 and a beta of 1.56. Brookfield Co. has a 12-month low of $38.18 and a 12-month high of $62.44. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.40.

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.54%. Brookfield’s dividend payout ratio (DPR) is presently 68.09%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. BMO Capital Markets reiterated an “outperform” rating and set a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Scotiabank increased their price objective 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 investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $55.31.

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.