Tuttle Capital Management LLC Has $506,000 Stake in Brookfield Co. (NYSE:BN)

Tuttle Capital Management LLC boosted its stake in shares of Brookfield Co. (NYSE:BN) by 34.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,807 shares of the company’s stock after buying an additional 2,272 shares during the quarter. Brookfield makes up approximately 3.0% of Tuttle Capital Management LLC’s portfolio, making the stock its 3rd largest holding. Tuttle Capital Management LLC’s holdings in Brookfield were worth $506,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its holdings in Brookfield by 31.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock worth $623,783,000 after acquiring an additional 2,818,716 shares during the period. EdgePoint Investment Group Inc. boosted its stake in Brookfield by 1.7% during the third quarter. EdgePoint Investment Group Inc. now owns 11,512,817 shares of the company’s stock valued at $611,383,000 after buying an additional 196,790 shares during the period. Toronto Dominion Bank increased its stake in Brookfield by 23.4% in the 3rd quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock worth $364,152,000 after acquiring an additional 1,301,072 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Brookfield by 10.9% in the 3rd quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company’s stock valued at $320,670,000 after acquiring an additional 591,757 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Brookfield by 10.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company’s stock valued at $189,507,000 after acquiring an additional 351,231 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Trading Down 0.1 %

NYSE BN opened at $54.88 on Tuesday. The stock has a 50-day moving average of $58.11 and a 200-day moving average of $52.21. 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 firm has a market cap of $82.78 billion, a PE ratio of 116.77 and a beta of 1.56.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Monday, December 16th. Brookfield’s dividend payout ratio is 68.09%.

Analyst Ratings Changes

BN has been the topic of a number of recent analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $62.00 target price (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Scotiabank upped their target price on shares of Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.