Montrusco Bolton Investments Inc. Sells 1,315 Shares of Brookfield Co. (NYSE:BN)

Montrusco Bolton Investments Inc. reduced its stake in Brookfield Co. (NYSE:BN) by 1.1% during the third quarter, Holdings Channel.com reports. The firm owned 120,442 shares of the company’s stock after selling 1,315 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Brookfield were worth $6,404,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of BN. SG Americas Securities LLC purchased a new stake in Brookfield in the 2nd quarter worth $128,321,000. Wulff Hansen & CO. increased its stake in Brookfield by 4,054.0% in the 2nd quarter. Wulff Hansen & CO. now owns 1,542,505 shares of the company’s stock worth $64,076,000 after buying an additional 1,505,372 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in Brookfield by 4,149.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 776,346 shares of the company’s stock worth $41,263,000 after buying an additional 758,076 shares in the last quarter. Glazer Capital LLC purchased a new stake in Brookfield in the 2nd quarter worth $30,740,000. Finally, Wolverine Asset Management LLC increased its stake in Brookfield by 6,934.1% in the 2nd quarter. Wolverine Asset Management LLC now owns 710,095 shares of the company’s stock worth $29,497,000 after buying an additional 700,000 shares in the last quarter. 61.60% of the stock is owned by institutional investors.

Brookfield Stock Up 1.3 %

Shares of NYSE BN opened at $58.27 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. The company has a market cap of $95.95 billion, a P/E ratio of 123.98 and a beta of 1.53. Brookfield Co. has a 1 year low of $33.72 and a 1 year high of $60.20. The firm has a 50-day simple moving average of $54.36 and a two-hundred day simple moving average of $48.18.

Brookfield Dividend Announcement

The company also recently disclosed 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. This represents a $0.32 annualized dividend and a yield of 0.55%. The ex-dividend date is Monday, December 16th. Brookfield’s payout ratio is currently 68.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. 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 research report on Friday, November 15th. TD Securities raised their price objective on Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Keefe, Bruyette & Woods raised their price objective on Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a research report on Friday, August 9th. Finally, Scotiabank raised their price objective on Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research 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’s stock. According to data from MarketBeat.com, the company presently 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.