Virtu Financial LLC Acquires New Shares in Brookfield Co. (NYSE:BN)

Virtu Financial LLC acquired a new position in shares of Brookfield Co. (NYSE:BN) during the 3rd quarter, Holdings Channel reports. The fund acquired 3,966 shares of the company’s stock, valued at approximately $211,000.

Several other large investors have also recently bought and sold shares of BN. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Brookfield by 131.9% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company’s stock worth $24,594,000 after buying an additional 263,375 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Brookfield by 5.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company’s stock worth $9,764,000 after buying an additional 9,915 shares during the last quarter. Geode Capital Management LLC raised its holdings in Brookfield by 10.9% during the third quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company’s stock worth $320,670,000 after acquiring an additional 591,757 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Brookfield by 10.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company’s stock valued at $189,507,000 after purchasing an additional 351,231 shares in the last quarter. Finally, Partners Group Holding AG increased its holdings in Brookfield by 53.5% during the third quarter. Partners Group Holding AG now owns 409,303 shares of the company’s stock worth $21,754,000 after buying an additional 142,603 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BN shares. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 target price (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Scotiabank lifted their price objective on Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Brookfield currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.31.

Brookfield Trading Down 6.0 %

NYSE BN opened at $55.46 on Thursday. The company has a market cap of $91.35 billion, a price-to-earnings ratio of 118.00 and a beta of 1.55. Brookfield Co. has a twelve month low of $37.77 and a twelve month high of $62.44. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. The business’s fifty day moving average is $57.05 and its 200 day moving average is $50.19.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Monday, December 16th. Brookfield’s dividend payout ratio (DPR) is currently 68.09%.

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.