Haverford Trust Co Invests $219,000 in Brookfield Co. (NYSE:BN)

Haverford Trust Co acquired a new stake in Brookfield Co. (NYSE:BN) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,116 shares of the company’s stock, valued at approximately $219,000.

Several other large investors have also recently added to or reduced their stakes in BN. Blue Trust Inc. grew its position in shares of 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 in the last quarter. Kings Path Partners LLC purchased a new stake in shares of Brookfield in the 2nd quarter valued at approximately $31,000. Family Firm Inc. acquired a new stake in shares of Brookfield in the 2nd quarter valued at $36,000. First Personal Financial Services purchased a new stake in shares of Brookfield during the 3rd quarter worth $42,000. Finally, Nisa Investment Advisors LLC grew its stake 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 purchasing an additional 450 shares in the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BN has been the subject of several analyst reports. BMO Capital Markets upped their price objective 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 boosted their price objective on shares of Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Keefe, Bruyette & Woods increased their target price 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. Royal Bank of Canada cut 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, JPMorgan Chase & Co. upped their price objective on shares of Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.31.

Brookfield Price Performance

Brookfield stock opened at $57.82 on Friday. The business has a 50 day simple moving average of $53.26 and a 200-day simple moving average of $47.54. Brookfield Co. has a 12 month low of $33.61 and a 12 month high of $60.20. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.03. The stock has a market capitalization of $95.21 billion, a PE ratio of 99.69 and a beta of 1.53.

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.