UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Position in Brookfield Co. (NYSE:BN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in shares of Brookfield Co. (NYSE:BN - Free Report) by 5.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,739,450 shares of the company's stock after selling 94,951 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.11% of Brookfield worth $92,452,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Brookfield by 3.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 503,959 shares of the company's stock valued at $26,795,000 after purchasing an additional 16,783 shares during the last quarter. Providence Capital Advisors LLC increased its holdings in Brookfield by 1.0% during the third quarter. Providence Capital Advisors LLC now owns 139,189 shares of the company's stock worth $7,398,000 after buying an additional 1,378 shares during the last quarter. Corsair Capital Management L.P. bought a new stake in Brookfield during the third quarter worth $532,000. RPg Family Wealth Advisory LLC bought a new position in shares of Brookfield in the 3rd quarter valued at about $120,000. Finally, BNP Paribas increased its stake in shares of Brookfield by 4.2% during the 3rd quarter. BNP Paribas now owns 197,225 shares of the company's stock worth $10,574,000 after purchasing an additional 8,000 shares during the last quarter. Institutional investors own 61.60% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. TD Securities increased their price objective on shares of Brookfield from $62.00 to $63.00 and gave the company a "buy" rating in a research report on Monday, August 12th. BMO Capital Markets restated an "outperform" rating and set a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. Keefe, Bruyette & Woods lifted their price target on Brookfield from $44.00 to $46.00 and gave the stock a "market perform" rating in a report on Friday, August 9th. Royal Bank of Canada decreased 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 upped their price target on shares of Brookfield from $65.00 to $69.00 and gave the company a "sector outperform" rating in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $55.31.

Brookfield Stock Down 0.8 %

Brookfield stock traded down $0.48 during midday trading on Tuesday, hitting $61.03. 1,565,828 shares of the stock were exchanged, compared to its average volume of 1,837,452. Brookfield Co. has a 52-week low of $35.44 and a 52-week high of $62.44. 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 business's 50-day moving average price is $55.52 and its 200-day moving average price is $48.94. The stock has a market capitalization of $100.50 billion, a price-to-earnings ratio of 129.85 and a beta of 1.55.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.52%. Brookfield's payout ratio 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.