Wilmington Savings Fund Society FSB Purchases Shares of 14,750 Brookfield Co. (NYSE:BN)

Wilmington Savings Fund Society FSB bought a new stake in Brookfield Co. (NYSE:BN - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,750 shares of the company's stock, valued at approximately $784,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its position in shares of Brookfield by 31.6% in the third quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company's stock valued at $623,783,000 after purchasing an additional 2,818,716 shares during the last quarter. EdgePoint Investment Group Inc. raised its holdings in shares of Brookfield by 1.7% in the third quarter. EdgePoint Investment Group Inc. now owns 11,512,817 shares of the company's stock worth $611,383,000 after acquiring an additional 196,790 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Brookfield by 23.4% in the third quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company's stock valued at $364,152,000 after acquiring an additional 1,301,072 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Brookfield by 10.9% during the third quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company's stock valued at $320,670,000 after acquiring an additional 591,757 shares during the last quarter. Finally, Cooke & Bieler LP increased its position in Brookfield by 5.0% during the 2nd quarter. Cooke & Bieler LP now owns 5,698,773 shares of the company's stock worth $236,727,000 after purchasing an additional 269,813 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company's stock.

Brookfield Trading Up 0.9 %

Brookfield stock traded up $0.53 during mid-day trading on Monday, hitting $59.13. The stock had a trading volume of 1,343,053 shares, compared to its average volume of 2,723,605. The stock has a market capitalization of $97.37 billion, a PE ratio of 125.38 and a beta of 1.55. Brookfield Co. has a 12 month low of $37.77 and a 12 month high of $62.44. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.40. The stock has a 50-day simple moving average of $56.74 and a two-hundred day simple moving average of $49.93.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.08 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.32 annualized dividend and a yield of 0.54%. Brookfield's dividend payout ratio is currently 68.09%.

Analysts Set New Price Targets

BN has been the topic of several analyst reports. 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. Scotiabank lifted their price target on Brookfield from $65.00 to $69.00 and gave the company a "sector outperform" rating in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $55.31.

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.