JPMorgan Chase & Co. Has $260.72 Million Stock Position in Brookfield Co. (NYSE:BN)

JPMorgan Chase & Co. lessened its position in Brookfield Co. (NYSE:BN - Free Report) by 25.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,905,380 shares of the company's stock after selling 1,699,653 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.33% of Brookfield worth $260,721,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Brookfield by 131.9% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company's stock valued at $24,594,000 after acquiring an additional 263,375 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Brookfield by 5.7% in the third quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company's stock valued at $9,764,000 after purchasing an additional 9,915 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Brookfield by 10.9% during the 3rd quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company's stock worth $320,670,000 after purchasing an additional 591,757 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Brookfield by 10.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company's stock worth $189,507,000 after purchasing an additional 351,231 shares in the last quarter. Finally, Partners Group Holding AG boosted its holdings in shares of Brookfield by 53.5% in the 3rd quarter. Partners Group Holding AG now owns 409,303 shares of the company's stock valued at $21,754,000 after buying an additional 142,603 shares during the last quarter. Institutional investors own 61.60% of the company's stock.

Brookfield Trading Up 0.2 %

Shares of BN traded up $0.10 during trading hours on Tuesday, hitting $57.45. 1,549,196 shares of the stock were exchanged, compared to its average volume of 2,691,812. The firm has a market capitalization of $86.66 billion, a P/E ratio of 122.24 and a beta of 1.55. 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 fifty-two week low of $37.77 and a fifty-two week high of $62.44. The business has a 50-day moving average of $57.46 and a 200-day moving average of $51.09.

Brookfield Announces Dividend

The business also recently declared 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 0.56%. The ex-dividend date is Monday, December 16th. Brookfield's payout ratio is 68.09%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. BMO Capital Markets reiterated an "outperform" rating and issued a $62.00 target price (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Scotiabank upped their price target 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. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.31.

About Brookfield

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.