Brookfield Co. (NYSE:BN) is Tacita Capital Inc's 5th Largest Position

Tacita Capital Inc decreased its position in Brookfield Co. (NYSE:BN - Free Report) by 8.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,604 shares of the company's stock after selling 10,975 shares during the quarter. Brookfield accounts for approximately 3.9% of Tacita Capital Inc's portfolio, making the stock its 5th largest position. Tacita Capital Inc's holdings in Brookfield were worth $6,041,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. M&G Plc acquired a new stake in shares of Brookfield in the first quarter valued at $111,222,000. Cetera Investment Advisers boosted its stake in shares of Brookfield by 1,022.6% in the 1st quarter. Cetera Investment Advisers now owns 272,807 shares of the company's stock valued at $11,427,000 after buying an additional 248,506 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Brookfield by 324.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 105,678 shares of the company's stock worth $4,390,000 after buying an additional 80,762 shares in the last quarter. Callan Family Office LLC acquired a new position in shares of Brookfield during the second quarter worth about $446,000. Finally, Acadian Asset Management LLC increased its stake in shares of Brookfield by 352.5% during the first quarter. Acadian Asset Management LLC now owns 196,670 shares of the company's stock worth $8,232,000 after buying an additional 153,205 shares during the period. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BN has been the subject of several analyst reports. Keefe, Bruyette & Woods boosted their price target on shares of 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 increased their target price on Brookfield from $48.00 to $50.00 and gave the company an "outperform" rating in a report on Wednesday, September 11th. TD Securities lifted their price target on Brookfield from $62.00 to $63.00 and gave the stock a "buy" rating in a report on Monday, August 12th. 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, Scotiabank raised their price objective on shares of Brookfield from $51.25 to $65.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $53.31.

Brookfield Stock Performance

NYSE:BN traded up $1.69 during trading hours on Monday, reaching $58.78. 1,559,615 shares of the company's stock were exchanged, compared to its average volume of 2,806,767. Brookfield Co. has a 1-year low of $31.51 and a 1-year high of $59.23. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $96.77 billion, a price-to-earnings ratio of 101.35 and a beta of 1.53. The company has a 50-day moving average of $52.47 and a 200 day moving average of $47.15.

Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.35 EPS for the quarter, beating the consensus estimate of $0.78 by $0.57. The firm had revenue of $23.05 billion during the quarter, compared to the consensus estimate of $1.24 billion. Brookfield had a return on equity of 3.67% and a net margin of 1.13%. The firm's revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 EPS. Research analysts anticipate that Brookfield Co. will post 3.81 EPS for the current year.

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.