Brookfield Co. (NYSE:BN) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in Brookfield Co. (NYSE:BN - Free Report) by 10.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,564,317 shares of the company's stock after purchasing an additional 351,231 shares during the period. Charles Schwab Investment Management Inc. owned 0.22% of Brookfield worth $189,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in Brookfield during the 2nd quarter valued at about $128,321,000. Wulff Hansen & CO. boosted its stake in shares of Brookfield by 4,054.0% in the second quarter. Wulff Hansen & CO. now owns 1,542,505 shares of the company's stock worth $64,076,000 after acquiring an additional 1,505,372 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Brookfield by 4,149.3% during the third quarter. Sequoia Financial Advisors LLC now owns 776,346 shares of the company's stock worth $41,263,000 after buying an additional 758,076 shares in the last quarter. Glazer Capital LLC acquired a new stake in Brookfield in the 2nd quarter valued at about $30,740,000. Finally, Wolverine Asset Management LLC increased its holdings in shares of Brookfield by 6,934.1% in the second quarter. Wolverine Asset Management LLC now owns 710,095 shares of the company's stock valued at $29,497,000 after purchasing an additional 700,000 shares during the last quarter. Institutional investors own 61.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BN shares. Scotiabank lifted their target price on shares of Brookfield from $65.00 to $69.00 and gave the stock a "sector outperform" rating in a research note on Friday, November 15th. BMO Capital Markets restated an "outperform" rating and set a $62.00 price target (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. Royal Bank of Canada decreased their price objective on shares of Brookfield from $57.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday, August 9th. TD Securities increased their price target on shares of Brookfield from $62.00 to $63.00 and gave the company a "buy" rating in a research note on Monday, August 12th. Finally, JPMorgan Chase & Co. boosted their target price on Brookfield from $49.00 to $52.00 and gave the company an "overweight" rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Brookfield has an average rating of "Moderate Buy" and an average price target of $55.31.

Brookfield Stock Performance

Shares of BN stock traded up $0.74 during mid-day trading on Friday, hitting $58.27. The stock had a trading volume of 2,690,378 shares, compared to its average volume of 1,663,139. 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 firm has a market cap of $95.95 billion, a PE ratio of 123.98 and a beta of 1.53. Brookfield Co. has a fifty-two week low of $33.72 and a fifty-two week high of $60.20. The company's 50-day simple moving average is $54.36 and its 200-day simple moving average is $48.24.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Monday, December 16th. Brookfield's dividend payout ratio (DPR) is currently 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.