Nwam LLC Takes $370,000 Position in Brookfield Co. (NYSE:BN)

Nwam LLC acquired a new stake in shares of Brookfield Co. (NYSE:BN) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 6,954 shares of the company’s stock, valued at approximately $370,000.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in Brookfield by 62.8% in the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock worth $30,000 after acquiring an additional 272 shares in the last quarter. Kings Path Partners LLC acquired a new stake in Brookfield in the 2nd quarter worth approximately $31,000. First Personal Financial Services purchased a new stake in Brookfield during the 3rd quarter worth approximately $42,000. Family Firm Inc. acquired a new position in Brookfield during the 2nd quarter valued at approximately $36,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Brookfield by 63.5% in 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 during the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Trading Up 1.3 %

Shares of NYSE:BN opened at $58.27 on Monday. The company has a market capitalization of $95.95 billion, a PE ratio of 123.98 and a beta of 1.53. Brookfield Co. has a 12-month low of $33.72 and a 12-month high of $60.20. The business has a 50 day moving average of $54.36 and a two-hundred day moving average of $48.24. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.40.

Brookfield Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Monday, December 16th. Brookfield’s dividend payout ratio (DPR) is presently 68.09%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BN. JPMorgan Chase & Co. boosted their price objective on shares of Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods boosted their price target on Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a research note on Friday, August 9th. Royal Bank of Canada reduced their price objective on Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Finally, Scotiabank raised their price target on shares of Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.