Pathstone Holdings LLC Buys 1,929 Shares of Brookfield Co. (NYSE:BN)

Pathstone Holdings LLC raised its stake in Brookfield Co. (NYSE:BN) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,293 shares of the company’s stock after buying an additional 1,929 shares during the period. Pathstone Holdings LLC’s holdings in Brookfield were worth $5,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in BN. SG Americas Securities LLC bought a new position in Brookfield in the second quarter worth approximately $128,321,000. Wulff Hansen & CO. increased its stake in shares of Brookfield by 4,054.0% during the second quarter. Wulff Hansen & CO. now owns 1,542,505 shares of the company’s stock valued at $64,076,000 after buying an additional 1,505,372 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of Brookfield by 4,149.3% in the third quarter. Sequoia Financial Advisors LLC now owns 776,346 shares of the company’s stock valued at $41,263,000 after acquiring an additional 758,076 shares in the last quarter. Glazer Capital LLC purchased a new stake in Brookfield in the second quarter worth about $30,740,000. Finally, Wolverine Asset Management LLC grew its holdings in Brookfield by 6,934.1% during the 2nd quarter. Wolverine Asset Management LLC now owns 710,095 shares of the company’s stock worth $29,497,000 after acquiring an additional 700,000 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

Brookfield Price Performance

Shares of NYSE BN opened at $58.27 on Friday. Brookfield Co. has a fifty-two week low of $33.72 and a fifty-two week high of $60.20. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17. The company has a market cap of $95.95 billion, a PE ratio of 123.98 and a beta of 1.53. The business has a 50-day simple moving average of $54.36 and a two-hundred day simple moving average of $48.18.

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Monday, December 16th. Brookfield’s dividend payout ratio is presently 68.09%.

Analyst Upgrades and Downgrades

BN has been the subject of several research reports. JPMorgan Chase & Co. upped their price target on shares of Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Royal Bank of Canada dropped their target price on Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Scotiabank boosted their price target on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 15th. TD Securities raised their price objective on Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, 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 note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.