Brookfield Co. (NYSE:BN) Shares Sold by New South Capital Management Inc.

New South Capital Management Inc. cut its holdings in Brookfield Co. (NYSE:BN - Free Report) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,073,483 shares of the company's stock after selling 10,364 shares during the period. Brookfield comprises approximately 2.3% of New South Capital Management Inc.'s portfolio, making the stock its 14th biggest holding. New South Capital Management Inc. owned about 0.07% of Brookfield worth $57,056,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BN. Nicholas Hoffman & Company LLC. grew its holdings in Brookfield by 3.9% during the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 6,781 shares of the company's stock worth $282,000 after acquiring an additional 257 shares in the last quarter. Blue Trust Inc. increased its holdings in Brookfield by 62.8% during the 2nd quarter. Blue Trust Inc. now owns 705 shares of the company's stock valued at $30,000 after acquiring an additional 272 shares in the last quarter. First Trust Direct Indexing L.P. grew its holdings in shares of Brookfield by 2.9% during the third quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company's stock worth $551,000 after buying an additional 292 shares in the last quarter. Rosenberg Matthew Hamilton grew its holdings in Brookfield by 20.6% in the second quarter. Rosenberg Matthew Hamilton now owns 1,734 shares of the company's stock valued at $71,000 after purchasing an additional 296 shares during the period. Finally, Pembroke Management LTD lifted its position in Brookfield by 4.4% during the first quarter. Pembroke Management LTD now owns 7,339 shares of the company's stock valued at $307,000 after buying an additional 310 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company's stock.

Brookfield Stock Performance

Shares of BN stock traded down $0.84 on Tuesday, reaching $57.93. The stock had a trading volume of 1,283,245 shares, compared to its average volume of 2,799,810. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.03 and a current ratio of 1.20. The company has a 50 day simple moving average of $52.64 and a 200 day simple moving average of $47.28. The stock has a market cap of $95.37 billion, a P/E ratio of 101.35 and a beta of 1.53. Brookfield Co. has a 1 year low of $31.51 and a 1 year high of $59.23.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BN. 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. 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 report on Friday, August 9th. Royal Bank of Canada reduced their price objective on Brookfield from $57.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday, August 9th. BMO Capital Markets raised their target price on Brookfield from $48.00 to $50.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 11th. Finally, TD Securities lifted their price objective on Brookfield from $62.00 to $63.00 and gave the stock a "buy" rating in a research report on Monday, August 12th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Brookfield currently has an average rating of "Moderate Buy" and an average target price of $53.31.

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.