Cerity Partners LLC Acquires 16,425 Shares of Brookfield Co. (NYSE:BN)

Cerity Partners LLC raised its position in Brookfield Co. (NYSE:BN - Free Report) by 20.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,719 shares of the company's stock after purchasing an additional 16,425 shares during the quarter. Cerity Partners LLC's holdings in Brookfield were worth $5,194,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in Brookfield by 5.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company's stock worth $9,764,000 after buying an additional 9,915 shares during the period. Cetera Investment Advisers raised its holdings in Brookfield by 1,022.6% during the first quarter. Cetera Investment Advisers now owns 272,807 shares of the company's stock worth $11,427,000 after buying an additional 248,506 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Brookfield by 10.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company's stock valued at $189,507,000 after buying an additional 351,231 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Brookfield by 324.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 105,678 shares of the company's stock worth $4,390,000 after acquiring an additional 80,762 shares in the last quarter. Finally, Callan Family Office LLC acquired a new stake in shares of Brookfield in the 2nd quarter worth about $446,000. 61.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on BN shares. Keefe, Bruyette & Woods increased their price objective on Brookfield from $44.00 to $46.00 and gave the stock a "market perform" rating in a research note on Friday, August 9th. Scotiabank increased their price target on shares of Brookfield from $65.00 to $69.00 and gave the company a "sector outperform" rating in a research report 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 research report on Friday, November 15th. Royal Bank of Canada lowered their price target on Brookfield from $57.00 to $56.00 and set an "outperform" rating on the stock in a report on Friday, August 9th. Finally, TD Securities boosted their price objective on shares of Brookfield from $62.00 to $63.00 and gave the stock a "buy" rating in a report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.31.

Brookfield Price Performance

Shares of NYSE:BN remained flat at $61.37 on Friday. The stock had a trading volume of 1,272,166 shares, compared to its average volume of 2,761,707. The company has a market capitalization of $101.06 billion, a P/E ratio of 130.77 and a beta of 1.53. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.40. Brookfield Co. has a 1 year low of $34.97 and a 1 year high of $61.77. The business has a 50 day moving average price of $55.15 and a 200 day moving average price of $48.64.

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 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 0.52%. Brookfield's dividend payout ratio (DPR) is 68.09%.

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.