Douglass Winthrop Advisors LLC Takes Position in Brookfield Co. (NYSE:BN)

Douglass Winthrop Advisors LLC purchased a new position in shares of Brookfield Co. (NYSE:BN) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,299 shares of the company’s stock, valued at approximately $229,000.

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

Brookfield Price Performance

NYSE:BN opened at $59.71 on Tuesday. Brookfield Co. has a 52 week low of $33.72 and a 52 week high of $60.20. The stock’s fifty day moving average is $54.55 and its two-hundred day moving average is $48.35. The company has a market capitalization of $98.32 billion, a P/E ratio of 127.03 and a beta of 1.53. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40.

Brookfield Dividend Announcement

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 issued 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 (DPR) is currently 68.09%.

Analyst Ratings Changes

Several research firms have recently weighed in on BN. JPMorgan Chase & Co. raised their price target 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. Keefe, Bruyette & Woods boosted their target price 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 cut their price target on Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Scotiabank boosted their price objective on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 15th. Finally, TD Securities upped their target price on Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Brookfield presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.31.

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.