Blankinship & Foster LLC Takes $32.39 Million Position in Brookfield Co. (NYSE:BN)

Blankinship & Foster LLC bought a new position in shares of Brookfield Co. (NYSE:BN - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 609,387 shares of the company's stock, valued at approximately $32,389,000. Brookfield accounts for 5.3% of Blankinship & Foster LLC's holdings, making the stock its 5th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in BN. Wilmington Savings Fund Society FSB purchased a new position in Brookfield during the third quarter worth approximately $784,000. Virtu Financial LLC purchased a new stake in shares of Brookfield during the 3rd quarter valued at $211,000. Rehmann Capital Advisory Group acquired a new stake in shares of Brookfield during the 3rd quarter worth $241,000. Toronto Dominion Bank raised its position in shares of Brookfield by 23.4% in the 3rd quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company's stock worth $364,152,000 after buying an additional 1,301,072 shares during the period. Finally, Wilson & Boucher Capital Management LLC acquired a new position in Brookfield in the third quarter valued at $188,000. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Stock Down 1.3 %

NYSE BN traded down $0.81 on Thursday, reaching $59.24. The company had a trading volume of 2,171,375 shares, compared to its average volume of 2,732,220. 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 Co. has a 1 year low of $35.92 and a 1 year high of $62.44. The firm has a 50-day moving average of $56.49 and a 200-day moving average of $49.67. The firm has a market capitalization of $97.55 billion, a PE ratio of 126.28 and a beta of 1.55.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.08 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.54%. Brookfield's dividend payout ratio (DPR) is presently 68.09%.

Analyst Upgrades and Downgrades

Several brokerages have commented on BN. BMO Capital Markets restated 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. Scotiabank increased their target price on shares of Brookfield from $65.00 to $69.00 and gave the stock a "sector outperform" rating in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Brookfield currently has an average rating of "Moderate Buy" and an average price target 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.