Brookfield Co. (NYSE:BN) Stake Lifted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its position in Brookfield Co. (NYSE:BN - Free Report) by 5.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 183,698 shares of the company's stock after purchasing an additional 9,915 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Brookfield were worth $9,764,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Natixis purchased a new stake in Brookfield during the 1st quarter worth $275,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Brookfield by 4.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 109,552 shares of the company's stock valued at $4,587,000 after buying an additional 4,428 shares during the period. Bamco Inc. NY lifted its position in Brookfield by 6.7% during the 1st quarter. Bamco Inc. NY now owns 1,287,522 shares of the company's stock worth $53,909,000 after acquiring an additional 80,303 shares in the last quarter. Ancora Advisors LLC grew its position in Brookfield by 2.8% in the first quarter. Ancora Advisors LLC now owns 45,766 shares of the company's stock valued at $1,916,000 after acquiring an additional 1,250 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its stake in shares of Brookfield by 3.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 20,009 shares of the company's stock valued at $838,000 after purchasing an additional 715 shares during the period. 61.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BN has been the topic of several analyst reports. BMO Capital Markets reaffirmed an "outperform" rating and set a $62.00 price target (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Keefe, Bruyette & Woods boosted their price target on Brookfield from $44.00 to $46.00 and gave the stock a "market perform" rating in a research note on Friday, August 9th. Scotiabank raised their price objective on Brookfield from $65.00 to $69.00 and gave the company a "sector outperform" rating in a research note on Friday, November 15th. 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 report on Friday, August 9th. Finally, JPMorgan Chase & Co. increased their target price on Brookfield from $49.00 to $52.00 and gave the company an "overweight" rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $55.31.

Brookfield Stock Performance

Shares of NYSE BN traded up $0.74 during trading on Friday, reaching $58.27. The stock had a trading volume of 2,690,378 shares, compared to its average volume of 1,663,139. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17. The stock has a market cap of $95.95 billion, a PE ratio of 123.98 and a beta of 1.53. Brookfield Co. has a one year low of $33.72 and a one year high of $60.20. The firm's 50 day moving average price is $54.36 and its two-hundred day moving average price is $48.18.

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 issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Monday, December 16th. Brookfield's dividend payout ratio (DPR) is presently 68.09%.

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.