Avior Wealth Management LLC Sells 6,900 Shares of Brookfield Co. (NYSE:BN)

Avior Wealth Management LLC lessened its holdings in Brookfield Co. (NYSE:BN) by 24.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,265 shares of the company’s stock after selling 6,900 shares during the period. Avior Wealth Management LLC’s holdings in Brookfield were worth $1,222,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. First Personal Financial Services bought a new position in shares of Brookfield in the 3rd quarter worth approximately $42,000. FSA Wealth Management LLC bought a new stake in Brookfield during the 3rd quarter worth approximately $42,000. Prestige Wealth Management Group LLC raised its stake in Brookfield by 137.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after acquiring an additional 500 shares during the period. Continuum Advisory LLC bought a new stake in Brookfield during the 3rd quarter worth approximately $55,000. Finally, Pinnacle Bancorp Inc. raised its stake in Brookfield by 29.5% during the 4th 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. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Up 2.5 %

NYSE BN opened at $61.09 on Friday. 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 company has a fifty day moving average of $58.30 and a two-hundred day moving average of $53.08. The firm has a market capitalization of $100.54 billion, a price-to-earnings ratio of 129.97 and a beta of 1.56. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.44.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Monday, December 16th. Brookfield’s payout ratio is 68.09%.

Analyst Upgrades and Downgrades

BN has been the topic of a number of recent analyst reports. CIBC raised their target price on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday. Morgan Stanley initiated coverage on shares of Brookfield in a research note on Thursday. They set an “overweight” rating and a $80.00 target price on the stock. BMO Capital Markets reaffirmed 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. Finally, Scotiabank increased their price objective on shares of Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Brookfield has an average rating of “Moderate Buy” and an average target price of $60.06.

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.