Canandaigua National Trust Co of Florida Buys New Stake in Brookfield Co. (NYSE:BN)

Canandaigua National Trust Co of Florida acquired a new position in shares of Brookfield Co. (NYSE:BN) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,412 shares of the company’s stock, valued at approximately $368,000.

Several other institutional investors have also recently added to or reduced their stakes in BN. First Personal Financial Services acquired a new position in Brookfield in the third quarter valued at $42,000. FSA Wealth Management LLC purchased a new position in shares of Brookfield during the 3rd quarter worth about $42,000. Prestige Wealth Management Group LLC boosted its position in shares of Brookfield by 137.0% in the third 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 last quarter. Continuum Advisory LLC purchased a new stake in Brookfield in the third quarter valued at approximately $55,000. Finally, Asset Dedication LLC acquired a new position in Brookfield during the second quarter worth approximately $56,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Down 0.8 %

Shares of BN traded down $0.46 during midday trading on Monday, reaching $57.34. 2,745,728 shares of the company were exchanged, compared to its average volume of 2,117,096. 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 Co. has a 1-year low of $37.79 and a 1-year high of $62.44. The company has a market cap of $86.50 billion, a price-to-earnings ratio of 122.00 and a beta of 1.56. The stock has a 50-day moving average price of $57.74 and a 200-day moving average price of $51.55.

Brookfield Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently issued reports on BN. BMO Capital Markets reissued an “outperform” rating and set a $62.00 price objective (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Scotiabank raised their price objective on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating 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 company’s stock. According to MarketBeat, Brookfield presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.31.

About Brookfield

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.