Wolverine Asset Management LLC Lowers Stake in Brookfield Co. (NYSE:BN)

Wolverine Asset Management LLC trimmed its holdings in shares of Brookfield Co. (NYSE:BN - Free Report) by 98.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,995 shares of the company's stock after selling 701,100 shares during the period. Wolverine Asset Management LLC's holdings in Brookfield were worth $478,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of BN. Blue Trust Inc. lifted its stake in Brookfield by 62.8% during the 2nd quarter. Blue Trust Inc. now owns 705 shares of the company's stock valued at $30,000 after acquiring an additional 272 shares during the period. Kings Path Partners LLC bought a new position in Brookfield in the 2nd quarter valued at $31,000. First Personal Financial Services purchased a new stake in shares of Brookfield in the third quarter valued at approximately $42,000. Family Firm Inc. bought a new position in shares of Brookfield during the second quarter valued at approximately $36,000. Finally, Nisa Investment Advisors LLC grew its stake in Brookfield by 63.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company's stock worth $48,000 after buying an additional 450 shares during the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Trading Up 0.4 %

NYSE BN traded up $0.21 during trading hours on Thursday, reaching $57.82. The company's stock had a trading volume of 1,865,778 shares, compared to its average volume of 2,788,612. The stock has a market cap of $95.21 billion, a P/E ratio of 99.69 and a beta of 1.53. Brookfield Co. has a 52 week low of $33.61 and a 52 week high of $60.20. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.03. The firm has a fifty day simple moving average of $53.26 and a 200-day simple moving average of $47.54.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Brookfield from $44.00 to $46.00 and gave the stock a "market perform" rating in a research report on Friday, August 9th. BMO Capital Markets raised their price target on Brookfield from $48.00 to $50.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 11th. TD Securities lifted their price target on Brookfield from $62.00 to $63.00 and gave the company a "buy" rating in a research note on Monday, August 12th. Scotiabank increased their price objective on Brookfield from $51.25 to $65.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Brookfield from $49.00 to $52.00 and gave the company an "overweight" rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Brookfield presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.31.

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.