RPg Family Wealth Advisory LLC Makes New $120,000 Investment in Brookfield Co. (NYSE:BN)

RPg Family Wealth Advisory LLC purchased a new stake in Brookfield Co. (NYSE:BN) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,250 shares of the company’s stock, valued at approximately $120,000.

A number of other large investors have also made changes to their positions in BN. Price T Rowe Associates Inc. MD increased its holdings in shares of Brookfield by 4.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 109,552 shares of the company’s stock valued at $4,587,000 after purchasing an additional 4,428 shares in the last quarter. Ancora Advisors LLC grew its stake in Brookfield by 2.8% in the 1st quarter. Ancora Advisors LLC now owns 45,766 shares of the company’s stock valued at $1,916,000 after acquiring an additional 1,250 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its stake in Brookfield by 3.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 20,009 shares of the company’s stock valued at $838,000 after acquiring an additional 715 shares during the last quarter. Jane Street Group LLC grew its stake in Brookfield by 1.9% in the 1st quarter. Jane Street Group LLC now owns 222,916 shares of the company’s stock valued at $9,333,000 after acquiring an additional 4,103 shares during the last quarter. Finally, Walleye Trading LLC acquired a new stake in Brookfield in the 1st quarter valued at about $367,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Trading Up 0.6 %

BN opened at $60.08 on Wednesday. The firm has a market capitalization of $98.93 billion, a P/E ratio of 127.79 and a beta of 1.53. The firm’s 50 day moving average is $54.55 and its 200-day moving average is $48.35. Brookfield Co. has a 52-week low of $33.72 and a 52-week high of $60.23. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.53%. Brookfield’s dividend payout ratio is currently 68.09%.

Analysts Set New Price Targets

BN has been the topic of a number of research reports. Scotiabank increased their price objective on shares of Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research note on Friday, November 15th. 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. TD Securities raised their price target on shares of Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Royal Bank of Canada decreased their price target on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Brookfield presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.31.

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.