Brookfield Co. (NYSE:BN) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lessened its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 4.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,575,280 shares of the company's stock after selling 65,350 shares during the period. Stifel Financial Corp owned approximately 0.10% of Brookfield worth $83,726,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BN. Cetera Advisors LLC increased its holdings in shares of Brookfield by 183.9% in the first quarter. Cetera Advisors LLC now owns 17,937 shares of the company's stock valued at $751,000 after purchasing an additional 11,620 shares during the period. Simplicity Wealth LLC raised its position in Brookfield by 1.7% during the 2nd quarter. Simplicity Wealth LLC now owns 22,411 shares of the company's stock worth $931,000 after buying an additional 381 shares during the last quarter. Asset Management Advisors LLC raised its position in Brookfield by 1.1% during the 2nd quarter. Asset Management Advisors LLC now owns 168,760 shares of the company's stock worth $7,010,000 after buying an additional 1,900 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in Brookfield by 15.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 18,270 shares of the company's stock valued at $759,000 after acquiring an additional 2,388 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Brookfield by 324.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 105,678 shares of the company's stock valued at $4,390,000 after acquiring an additional 80,762 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BN shares. Scotiabank raised 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 decreased their price objective on Brookfield from $57.00 to $56.00 and set an "outperform" rating for the company in a report on Friday, August 9th. Keefe, Bruyette & Woods raised their target price on Brookfield from $44.00 to $46.00 and gave the stock a "market perform" rating in a report on Friday, August 9th. BMO Capital Markets reiterated an "outperform" rating and set a $62.00 price target (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Finally, TD Securities upped their price objective on Brookfield from $62.00 to $63.00 and gave the stock a "buy" rating in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $55.31.

Brookfield Price Performance

Shares of Brookfield stock traded down $0.22 on Friday, reaching $59.81. The company's stock had a trading volume of 1,984,123 shares, compared to its average volume of 1,747,701. Brookfield Co. has a 52-week low of $35.51 and a 52-week high of $62.44. The company has a market capitalization of $98.49 billion, a P/E ratio of 127.28 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. The stock has a 50-day moving average price of $56.11 and a 200-day moving average price of $49.32.

Brookfield Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.54%. Brookfield's dividend payout ratio is currently 68.09%.

Brookfield 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.