Oppenheimer Asset Management Inc. Acquires 1,442 Shares of Brookfield Co. (NYSE:BN)

Oppenheimer Asset Management Inc. lifted its holdings in shares of Brookfield Co. (NYSE:BN) by 1.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,126 shares of the company’s stock after buying an additional 1,442 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Brookfield were worth $5,322,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in Brookfield by 62.8% during the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock worth $30,000 after buying an additional 272 shares during the last quarter. Kings Path Partners LLC bought a new position in shares of Brookfield in the 2nd quarter valued at about $31,000. First Personal Financial Services acquired a new position in shares of Brookfield during the 3rd quarter worth about $42,000. Family Firm Inc. bought a new stake in shares of Brookfield in the 2nd quarter valued at about $36,000. Finally, Nisa Investment Advisors LLC lifted its stake in Brookfield by 63.5% in the 2nd 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 last quarter. Institutional investors own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

BN has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price target on Brookfield from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. TD Securities increased 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 lifted their price objective on shares of Brookfield from $51.25 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on shares of Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Brookfield has a consensus rating of “Moderate Buy” and a consensus price target of $53.31.

Brookfield Trading Up 0.4 %

BN stock opened at $57.82 on Friday. 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 quick ratio of 1.03 and a current ratio of 1.20. The company’s 50-day simple moving average is $53.26 and its 200 day simple moving average is $47.54. The company has a market capitalization of $95.21 billion, a PE ratio of 99.69 and a beta of 1.53.

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.