Partners Group Holding AG Raises Position in Brookfield Co. (NYSE:BN)

Partners Group Holding AG grew its stake in Brookfield Co. (NYSE:BN - Free Report) by 53.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 409,303 shares of the company's stock after acquiring an additional 142,603 shares during the quarter. Brookfield comprises about 1.5% of Partners Group Holding AG's portfolio, making the stock its 27th biggest position. Partners Group Holding AG's holdings in Brookfield were worth $21,754,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in BN. Blue Trust Inc. boosted its holdings in Brookfield by 62.8% in the second quarter. Blue Trust Inc. now owns 705 shares of the company's stock valued at $30,000 after acquiring an additional 272 shares during the last quarter. Kings Path Partners LLC acquired a new stake in shares of Brookfield during the 2nd quarter valued at about $31,000. Family Firm Inc. acquired a new position in shares of Brookfield during the 2nd quarter worth about $36,000. First Personal Financial Services acquired a new position in Brookfield in the third quarter worth about $42,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Brookfield by 63.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company's stock worth $48,000 after acquiring an additional 450 shares in the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Stock Performance

NYSE:BN traded up $0.36 during trading hours on Tuesday, hitting $60.06. 2,054,340 shares of the company were exchanged, compared to its average volume of 2,767,537. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. The company's 50 day moving average price is $54.55 and its 200-day moving average price is $48.35. The stock has a market capitalization of $98.90 billion, a price-to-earnings ratio of 127.79 and a beta of 1.53. Brookfield Co. has a 52-week low of $33.72 and a 52-week high of $60.23.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.53%. The ex-dividend date is Monday, December 16th. Brookfield's payout ratio is 68.09%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Brookfield from $49.00 to $52.00 and gave the company an "overweight" rating in a research note on Wednesday, July 31st. Scotiabank increased 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. Keefe, Bruyette & Woods increased their price objective on shares of Brookfield from $44.00 to $46.00 and gave the company a "market perform" rating in a research report on Friday, August 9th. TD Securities lifted their target price on shares of Brookfield from $62.00 to $63.00 and gave the stock a "buy" rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada lowered their price target on Brookfield from $57.00 to $56.00 and set an "outperform" rating for the company in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.