Quantinno Capital Management LP Buys 8,814 Shares of Brookfield Co. (NYSE:BN)

Quantinno Capital Management LP boosted its holdings in shares of Brookfield Co. (NYSE:BN - Free Report) by 49.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,783 shares of the company's stock after buying an additional 8,814 shares during the period. Quantinno Capital Management LP's holdings in Brookfield were worth $1,424,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its position in Brookfield by 31.6% in the 3rd 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 last quarter. Cooke & Bieler LP raised its holdings in shares of Brookfield by 5.0% in the second quarter. Cooke & Bieler LP now owns 5,698,773 shares of the company's stock valued at $236,727,000 after purchasing an additional 269,813 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Brookfield by 10.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company's stock valued at $189,507,000 after purchasing an additional 351,231 shares in the last quarter. Bamco Inc. NY boosted its holdings in Brookfield by 62.6% during the third quarter. Bamco Inc. NY now owns 1,949,472 shares of the company's stock worth $103,614,000 after purchasing an additional 750,726 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Brookfield by 1.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,763,283 shares of the company's stock worth $73,256,000 after purchasing an additional 26,072 shares in the last quarter. 61.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BN. Scotiabank boosted their target price on Brookfield from $65.00 to $69.00 and gave the stock a "sector outperform" rating in a research note on Friday, November 15th. BMO Capital Markets reissued an "outperform" rating and issued a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $55.31.

Brookfield Stock Performance

Brookfield stock traded down $0.57 during trading on Friday, hitting $58.68. The stock had a trading volume of 2,036,798 shares, compared to its average volume of 2,729,335. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. The stock's 50 day moving average is $56.74 and its two-hundred day moving average is $49.83. Brookfield Co. has a 1 year low of $37.77 and a 1 year high of $62.44. The stock has a market cap of $96.63 billion, a price-to-earnings ratio of 124.85 and a beta of 1.55.

Brookfield Dividend Announcement

The company 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 of this dividend is Monday, December 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.55%. Brookfield's payout ratio is 68.09%.

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.