Crossmark Global Holdings Inc. Raises Holdings in Brookfield Co. (NYSE:BN)

Crossmark Global Holdings Inc. increased its position in Brookfield Co. (NYSE:BN) by 11.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 54,059 shares of the company’s stock after purchasing an additional 5,392 shares during the period. Crossmark Global Holdings Inc.’s holdings in Brookfield were worth $2,873,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BN. Blue Trust Inc. lifted its stake in Brookfield by 62.8% in the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock valued at $30,000 after buying an additional 272 shares during the last quarter. Kings Path Partners LLC purchased a new stake in Brookfield in the 2nd quarter valued at $31,000. First Personal Financial Services acquired a new stake in Brookfield during the 3rd quarter worth $42,000. Family Firm Inc. purchased a new position in Brookfield during the 2nd quarter worth $36,000. Finally, Nisa Investment Advisors LLC increased its stake in Brookfield by 63.5% in the second quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company’s stock valued at $48,000 after purchasing an additional 450 shares during the period. 61.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Royal Bank of Canada dropped their target price on Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Keefe, Bruyette & Woods lifted their price objective on shares of Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a research report on Friday, August 9th. BMO Capital Markets upped their price objective on shares of Brookfield from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Finally, Scotiabank lifted their target price on shares of Brookfield from $51.25 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Brookfield presently has a consensus rating of “Moderate Buy” and an average target price of $53.31.

Brookfield Stock Up 3.0 %

Shares of NYSE BN opened at $58.78 on Tuesday. The stock has a market capitalization of $96.77 billion, a price-to-earnings ratio of 101.35 and a beta of 1.53. Brookfield Co. has a 52 week low of $31.51 and a 52 week high of $59.23. The firm has a 50-day moving average price of $52.64 and a 200 day moving average price of $47.28. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 1.39.

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.