2,250 Shares in Brookfield Co. (NYSE:BN) Bought by RPg Family Wealth Advisory LLC

RPg Family Wealth Advisory LLC purchased a new position in Brookfield Co. (NYSE:BN) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,250 shares of the company’s stock, valued at approximately $120,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BN. Blue Trust Inc. boosted its holdings in Brookfield by 62.8% in the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock worth $30,000 after purchasing an additional 272 shares during the period. Kings Path Partners LLC acquired a new position in shares of Brookfield during the second quarter valued at $31,000. Family Firm Inc. acquired a new position in shares of Brookfield during the second quarter valued at $36,000. First Personal Financial Services acquired a new position in shares of Brookfield during the third quarter valued at $42,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Brookfield by 63.5% during the second quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company’s stock valued at $48,000 after acquiring an additional 450 shares during the period. Institutional investors own 61.60% of the company’s stock.

Brookfield Price Performance

NYSE BN opened at $60.08 on Wednesday. Brookfield Co. has a 1 year low of $33.72 and a 1 year high of $60.23. The business’s fifty day moving average is $54.55 and its two-hundred day moving average is $48.35. The stock has a market capitalization of $98.93 billion, a P/E ratio of 127.79 and a beta of 1.53. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Monday, December 16th. Brookfield’s dividend payout ratio is 68.09%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BN. JPMorgan Chase & Co. boosted their price target on shares of Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. BMO Capital Markets reissued an “outperform” rating and set a $62.00 price target (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. Scotiabank boosted their price target on shares of Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a report on Friday, November 15th. TD Securities boosted their price target on shares of Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Royal Bank of Canada cut their price objective on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.