Legacy Private Trust Co. Has $446,000 Stock Position in Brookfield Co. (NYSE:BN)

Legacy Private Trust Co. cut its holdings in Brookfield Co. (NYSE:BN) by 7.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,760 shares of the company’s stock after selling 640 shares during the quarter. Legacy Private Trust Co.’s holdings in Brookfield were worth $446,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BN. First Personal Financial Services bought a new position in shares of Brookfield in the 3rd quarter valued at $42,000. FSA Wealth Management LLC bought a new position in Brookfield in the third quarter valued at about $42,000. Prestige Wealth Management Group LLC boosted its stake in shares of Brookfield by 137.0% during the third 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 shares of Brookfield during the third quarter worth about $55,000. Finally, Coastline Trust Co acquired a new position in shares of Brookfield in the third quarter valued at approximately $74,000. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Up 2.4 %

Shares of NYSE BN opened at $58.42 on Thursday. 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 company’s 50 day moving average price is $57.95 and its 200-day moving average price is $51.83. The company has a market capitalization of $88.12 billion, a P/E ratio of 124.30 and a beta of 1.56.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders 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 (DPR) is currently 68.09%.

Analysts Set New Price Targets

A number of research firms have weighed in on BN. Scotiabank boosted their target price on shares of Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a report on Friday, November 15th. BMO Capital Markets reiterated 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. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Brookfield currently has an average rating of “Moderate Buy” and a consensus price target of $55.31.

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.