8,639 Shares in Brookfield Co. (NYSE:BN) Purchased by NFJ Investment Group LLC

NFJ Investment Group LLC acquired a new position in shares of Brookfield Co. (NYSE:BN - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,639 shares of the company's stock, valued at approximately $459,000.

A number of other large investors also recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in shares of Brookfield in the 2nd quarter worth $128,321,000. The Manufacturers Life Insurance Company lifted its stake in Brookfield by 31.6% in the third quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company's stock valued at $623,783,000 after buying an additional 2,818,716 shares during the period. Wulff Hansen & CO. boosted its holdings in Brookfield by 4,054.0% during the second quarter. Wulff Hansen & CO. now owns 1,542,505 shares of the company's stock worth $64,076,000 after buying an additional 1,505,372 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Brookfield by 4,149.3% during the 3rd 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 during the period. Finally, Bamco Inc. NY increased its stake in shares of Brookfield by 62.6% in the 3rd quarter. Bamco Inc. NY now owns 1,949,472 shares of the company's stock valued at $103,614,000 after acquiring an additional 750,726 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Stock Down 1.1 %

Shares of NYSE:BN traded down $0.68 during mid-day trading on Thursday, reaching $60.03. 3,132,291 shares of the stock were exchanged, compared to its average volume of 2,749,600. The stock's 50 day simple moving average is $55.85 and its 200-day simple moving average is $49.14. Brookfield Co. has a one year low of $35.47 and a one year high of $62.44. The company has a market cap of $98.84 billion, a P/E ratio of 129.17 and a beta of 1.55. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40.

Brookfield Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. BMO Capital Markets restated an "outperform" rating and set a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. TD Securities upped their price objective on shares of Brookfield from $62.00 to $63.00 and gave the company a "buy" rating in a research report on Monday, August 12th. Royal Bank of Canada dropped their price objective on Brookfield from $57.00 to $56.00 and set an "outperform" rating on the stock in a research note on Friday, August 9th. Keefe, Bruyette & Woods boosted their target price on Brookfield from $44.00 to $46.00 and gave the company a "market perform" rating in a research note on Friday, August 9th. Finally, Scotiabank raised their price target on Brookfield from $65.00 to $69.00 and gave the stock a "sector outperform" rating in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $55.31.

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.