Wellington Management Group LLP Acquires 30,566 Shares of Brookfield Co. (NYSE:BN)

Wellington Management Group LLP increased its position in Brookfield Co. (NYSE:BN - Free Report) by 2.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,170,931 shares of the company's stock after buying an additional 30,566 shares during the period. Wellington Management Group LLP owned 0.07% of Brookfield worth $62,240,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in Brookfield by 62.8% during the second quarter. Blue Trust Inc. now owns 705 shares of the company's stock valued at $30,000 after purchasing an additional 272 shares during the last quarter. Kings Path Partners LLC bought a new stake in shares of Brookfield during the 2nd quarter worth $31,000. Family Firm Inc. acquired a new position in Brookfield in the 2nd quarter valued at $36,000. First Personal Financial Services bought a new stake in Brookfield during the third quarter valued at about $42,000. Finally, FSA Wealth Management LLC bought a new stake in Brookfield during the third quarter valued at about $42,000. Institutional investors own 61.60% of the company's stock.

Brookfield Price Performance

Shares of BN traded up $0.91 during midday trading on Wednesday, hitting $60.06. The company's stock had a trading volume of 1,366,313 shares, compared to its average volume of 2,734,567. The stock has a market capitalization of $98.90 billion, a price-to-earnings ratio of 125.87 and a beta of 1.55. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. Brookfield Co. has a one year low of $35.72 and a one year high of $62.44. The company's fifty day simple moving average is $56.35 and its two-hundred day simple moving average is $49.59.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 0.53%. The ex-dividend date is Monday, December 16th. Brookfield's dividend payout ratio is currently 68.09%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BN. Scotiabank upped their target price on shares of 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 issued a $62.00 target price (up 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. According to data from MarketBeat, Brookfield presently has a consensus rating of "Moderate Buy" and a consensus 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.