Forsta AP Fonden Has $16.50 Million Stock Position in Brookfield Co. (NYSE:BN)

Forsta AP Fonden boosted its stake in shares of Brookfield Co. (NYSE:BN) by 4.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 287,200 shares of the company’s stock after buying an additional 13,300 shares during the quarter. Forsta AP Fonden’s holdings in Brookfield were worth $16,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. Pinnacle Bancorp Inc. grew its holdings in shares of Brookfield by 29.5% during 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. MassMutual Private Wealth & Trust FSB lifted its position in Brookfield by 10.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company’s stock worth $148,000 after purchasing an additional 245 shares during the period. First Trust Direct Indexing L.P. boosted its stake in Brookfield by 2.9% during the third quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company’s stock worth $551,000 after buying an additional 292 shares in the last quarter. Caprock Group LLC increased its holdings in Brookfield by 2.5% in the 3rd quarter. Caprock Group LLC now owns 12,332 shares of the company’s stock valued at $655,000 after buying an additional 300 shares during the period. Finally, PFG Investments LLC raised its stake in shares of Brookfield by 3.5% in the 4th quarter. PFG Investments LLC now owns 10,379 shares of the company’s stock valued at $596,000 after buying an additional 350 shares in the last quarter. 61.60% of the stock is owned by institutional investors.

Brookfield Stock Up 0.1 %

NYSE BN opened at $60.49 on Thursday. The stock’s 50 day simple moving average is $58.53 and its 200 day simple moving average is $53.47. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. Brookfield Co. has a one year low of $38.18 and a one year high of $62.44. The firm has a market cap of $99.55 billion, a PE ratio of 128.69 and a beta of 1.56.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.53%. Brookfield’s dividend payout ratio (DPR) is presently 68.09%.

Analyst Ratings Changes

BN has been the topic of several recent research reports. Scotiabank lifted their target price on shares of Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research report on Friday, November 15th. CIBC lifted their price objective on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd. Morgan Stanley assumed coverage on Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 target price for the company. Finally, BMO Capital Markets restated an “outperform” rating and set a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.