MassMutual Private Wealth & Trust FSB Acquires 245 Shares of Brookfield Co. (NYSE:BN)

MassMutual Private Wealth & Trust FSB boosted its stake in Brookfield Co. (NYSE:BN) by 10.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,579 shares of the company’s stock after purchasing an additional 245 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Brookfield were worth $148,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Pinnacle Bancorp Inc. boosted its stake in Brookfield by 29.5% in the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after purchasing an additional 221 shares in the last quarter. First Trust Direct Indexing L.P. lifted 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 valued at $551,000 after acquiring an additional 292 shares in the last quarter. Caprock Group LLC boosted 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 purchasing an additional 300 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Brookfield by 0.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 113,397 shares of the company’s stock worth $6,027,000 after purchasing an additional 357 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Brookfield by 23.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,970 shares of the company’s stock worth $113,000 after purchasing an additional 369 shares during the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on BN. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 price objective (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. CIBC raised their target price on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a report on Thursday. Scotiabank increased their price target on Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a report on Friday, November 15th. Finally, Morgan Stanley began coverage on Brookfield in a report on Thursday. They issued an “overweight” rating and a $80.00 price objective for the company. Two equities research 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, Brookfield presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.06.

Brookfield Trading Up 1.0 %

Brookfield stock opened at $59.52 on Friday. Brookfield Co. has a 12-month low of $38.18 and a 12-month high of $62.44. The firm has a market capitalization of $97.95 billion, a price-to-earnings ratio of 126.63 and a beta of 1.56. The firm has a 50 day moving average of $58.21 and a 200 day moving average of $52.96. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders 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 annualized dividend and a dividend yield of 0.54%. Brookfield’s payout ratio 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.