PEAK6 Investments LLC boosted its holdings in Brookfield Co. (NYSE:BN - Free Report) by 181.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,971 shares of the company's stock after acquiring an additional 9,001 shares during the quarter. PEAK6 Investments LLC's holdings in Brookfield were worth $743,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nicholas Hoffman & Company LLC. lifted its position in shares of Brookfield by 3.9% during the second quarter. Nicholas Hoffman & Company LLC. now owns 6,781 shares of the company's stock worth $282,000 after purchasing an additional 257 shares in the last quarter. Blue Trust Inc. increased its stake in Brookfield by 62.8% in the second quarter. Blue Trust Inc. now owns 705 shares of the company's stock valued at $30,000 after purchasing an additional 272 shares in the last quarter. First Trust Direct Indexing L.P. increased its position 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 acquiring an additional 292 shares in the last quarter. Rosenberg Matthew Hamilton increased its position in shares of Brookfield by 20.6% during the second quarter. Rosenberg Matthew Hamilton now owns 1,734 shares of the company's stock worth $71,000 after acquiring an additional 296 shares in the last quarter. Finally, Caprock Group LLC increased its position in shares of Brookfield by 2.5% during the third quarter. Caprock Group LLC now owns 12,332 shares of the company's stock worth $655,000 after acquiring an additional 300 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.
Brookfield Stock Performance
NYSE:BN traded down $0.42 during mid-day trading on Wednesday, reaching $60.60. 1,302,126 shares of the company's stock were exchanged, compared to its average volume of 2,746,114. Brookfield Co. has a one year low of $35.44 and a one year high of $62.44. The firm has a market capitalization of $99.79 billion, a PE ratio of 128.66 and a beta of 1.55. The business's fifty day simple moving average is $55.68 and its two-hundred day simple moving average is $49.06. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17.
Brookfield Dividend Announcement
The company 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 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Monday, December 16th. Brookfield's dividend payout ratio is currently 68.09%.
Analysts Set New Price Targets
Several research analysts recently commented on the stock. Scotiabank increased their target price on shares of Brookfield from $65.00 to $69.00 and gave the stock a "sector outperform" rating in a report on Friday, November 15th. Royal Bank of Canada cut their price target on shares of Brookfield from $57.00 to $56.00 and set an "outperform" rating for the company in a research note on Friday, August 9th. Keefe, Bruyette & Woods increased their price target on shares of Brookfield from $44.00 to $46.00 and gave the company a "market perform" rating in a research note on Friday, August 9th. BMO Capital Markets restated an "outperform" rating and set a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Finally, TD Securities raised their target price on shares of Brookfield from $62.00 to $63.00 and gave the stock a "buy" rating in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Brookfield currently has an average rating of "Moderate Buy" and an average price target of $55.31.
Check Out Our Latest Stock Analysis on Brookfield
About Brookfield
(
Free Report)
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.
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