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

Barclays PLC raised its holdings in Brookfield Co. (NYSE:BN - Free Report) by 521.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,402 shares of the company's stock after buying an additional 59,906 shares during the period. Barclays PLC's holdings in Brookfield were worth $3,794,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its stake in shares of Brookfield by 31.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company's stock worth $623,783,000 after buying an additional 2,818,716 shares during the last quarter. EdgePoint Investment Group Inc. increased its holdings in Brookfield by 1.7% during the third quarter. EdgePoint Investment Group Inc. now owns 11,512,817 shares of the company's stock worth $611,383,000 after buying an additional 196,790 shares during the last quarter. Cooke & Bieler LP grew its position in shares of Brookfield by 5.0% during the 2nd quarter. Cooke & Bieler LP now owns 5,698,773 shares of the company's stock valued at $236,727,000 after acquiring an additional 269,813 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Brookfield by 10.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company's stock worth $189,507,000 after purchasing an additional 351,231 shares during the period. Finally, National Bank of Canada FI grew its holdings in Brookfield by 28.7% during the third quarter. National Bank of Canada FI now owns 2,987,741 shares of the company's stock valued at $158,795,000 after purchasing an additional 666,435 shares during the period. 61.60% of the stock is owned by institutional investors.

Brookfield Price Performance

Shares of BN stock traded up $0.97 on Monday, reaching $57.06. The company's stock had a trading volume of 1,568,081 shares, compared to its average volume of 2,723,619. Brookfield Co. has a 12-month low of $37.77 and a 12-month high of $62.44. The stock's 50 day simple moving average is $57.15 and its 200-day simple moving average is $50.42. 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 company has a market capitalization of $93.98 billion, a P/E ratio of 121.41 and a beta of 1.55.

Brookfield Announces Dividend

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 given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Monday, December 16th. Brookfield's dividend payout ratio (DPR) is currently 68.09%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Scotiabank boosted their price objective on Brookfield from $65.00 to $69.00 and gave the company a "sector outperform" rating in a research note on Friday, November 15th. BMO Capital Markets reissued an "outperform" rating and set a $62.00 target price (up previously from $50.00) on shares of Brookfield in a 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $55.31.

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.