Barclays PLC Raises Holdings in Brookfield Co. (NYSE:BN)

Barclays PLC lifted its stake in Brookfield Co. (NYSE:BN) by 521.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 71,402 shares of the company’s stock after purchasing an additional 59,906 shares during the quarter. Barclays PLC’s holdings in Brookfield were worth $3,794,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in shares of Brookfield by 62.8% during the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock worth $30,000 after buying an additional 272 shares during the period. Kings Path Partners LLC purchased a new position in Brookfield in the 2nd quarter worth $31,000. First Personal Financial Services acquired a new stake in Brookfield during the 3rd quarter worth about $42,000. FSA Wealth Management LLC acquired a new position in shares of Brookfield in the third quarter valued at about $42,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Brookfield by 63.5% in the second quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company’s stock valued at $48,000 after purchasing an additional 450 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Price Performance

NYSE:BN opened at $56.09 on Monday. The company has a 50 day moving average price of $57.15 and a 200-day moving average price of $50.37. Brookfield Co. has a 1-year low of $37.77 and a 1-year high of $62.44. The firm has a market cap of $92.38 billion, a price-to-earnings ratio of 119.34 and a beta of 1.55. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.08 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.57%. Brookfield’s dividend payout ratio (DPR) is currently 68.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BN shares. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Scotiabank upped their price objective 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. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.