Wilson & Boucher Capital Management LLC Invests $188,000 in Brookfield Co. (NYSE:BN)

Wilson & Boucher Capital Management LLC purchased a new position in shares of Brookfield Co. (NYSE:BN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,543 shares of the company’s stock, valued at approximately $188,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sequoia Financial Advisors LLC increased its position in Brookfield by 15.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 18,270 shares of the company’s stock valued at $759,000 after acquiring an additional 2,388 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Brookfield by 324.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 105,678 shares of the company’s stock valued at $4,390,000 after acquiring an additional 80,762 shares during the period. Lorne Steinberg Wealth Management Inc. increased its position in Brookfield by 0.5% in the 2nd quarter. Lorne Steinberg Wealth Management Inc. now owns 138,393 shares of the company’s stock valued at $5,753,000 after acquiring an additional 710 shares during the period. Blue Trust Inc. increased its position in Brookfield by 62.8% in the 2nd quarter. Blue Trust Inc. now owns 705 shares of the company’s stock valued at $30,000 after acquiring an additional 272 shares during the period. Finally, Timber Creek Capital Management LLC increased its position in Brookfield by 0.4% in the 2nd quarter. Timber Creek Capital Management LLC now owns 154,725 shares of the company’s stock valued at $6,427,000 after acquiring an additional 570 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on BN. Scotiabank raised their target price on Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research report on Friday, November 15th. BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 price target (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.31.

Brookfield Stock Performance

BN opened at $59.16 on Wednesday. The firm has a market cap of $97.42 billion, a PE ratio of 125.87 and a beta of 1.55. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. The business has a fifty day simple moving average of $56.35 and a 200-day simple moving average of $49.59. Brookfield Co. has a fifty-two week low of $35.66 and a fifty-two week high of $62.44.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Monday, December 16th. Brookfield’s dividend payout ratio is presently 68.09%.

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.