Brookfield Co. (NYSE:BN) Shares Sold by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc trimmed its position in shares of Brookfield Co. (NYSE:BN - Free Report) by 47.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,948 shares of the company's stock after selling 31,361 shares during the quarter. Pinnacle Financial Partners Inc's holdings in Brookfield were worth $1,858,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BN. Blue Trust Inc. grew its stake in Brookfield by 62.8% in 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 during the period. Kings Path Partners LLC acquired a new stake in Brookfield in the 2nd quarter valued at $31,000. Family Firm Inc. acquired a new stake in Brookfield in the 2nd quarter valued at $36,000. First Personal Financial Services acquired a new stake in Brookfield in the 3rd quarter valued at $42,000. Finally, Nisa Investment Advisors LLC grew its stake in Brookfield by 63.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company's stock valued at $48,000 after acquiring an additional 450 shares during the period. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Trading Up 0.4 %

BN traded up $0.21 on Thursday, hitting $57.82. The company had a trading volume of 1,865,778 shares, compared to its average volume of 2,788,612. The firm has a market cap of $95.21 billion, a P/E ratio of 99.35 and a beta of 1.53. Brookfield Co. has a 1 year low of $33.61 and a 1 year high of $60.20. The company's fifty day moving average price is $53.05 and its 200 day moving average price is $47.47. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 1.39.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BN shares. JPMorgan Chase & Co. lifted their price target 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 lifted their target price on shares of Brookfield from $44.00 to $46.00 and gave the stock a "market perform" rating in a research note on Friday, August 9th. Royal Bank of Canada lowered their target price on shares of Brookfield from $57.00 to $56.00 and set an "outperform" rating on the stock in a research note on Friday, August 9th. Scotiabank lifted their target price on shares of Brookfield from $51.25 to $65.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets lifted their target price on shares of Brookfield from $48.00 to $50.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 11th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $53.31.

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.