AMG National Trust Bank Cuts Holdings in Brookfield Co. (NYSE:BN)

AMG National Trust Bank decreased its holdings in Brookfield Co. (NYSE:BN) by 6.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,481 shares of the company’s stock after selling 450 shares during the period. AMG National Trust Bank’s holdings in Brookfield were worth $344,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Nicholas Hoffman & Company LLC. lifted its stake in shares of Brookfield by 3.9% during the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 6,781 shares of the company’s stock worth $282,000 after purchasing an additional 257 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Brookfield by 62.8% in the 2nd quarter. Blue Trust Inc. now owns 705 shares of the company’s stock valued at $30,000 after buying an additional 272 shares in the last quarter. First Trust Direct Indexing L.P. grew its position in shares of Brookfield by 2.9% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company’s stock worth $551,000 after buying an additional 292 shares during the last quarter. Rosenberg Matthew Hamilton raised its stake in shares of Brookfield by 20.6% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 1,734 shares of the company’s stock worth $71,000 after acquiring an additional 296 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Brookfield by 6.7% during the second quarter. UMB Bank n.a. now owns 5,878 shares of the company’s stock valued at $244,000 after acquiring an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BN. Royal Bank of Canada reduced their price target on Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Keefe, Bruyette & Woods upped their target price on Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a research report on Friday, August 9th. Scotiabank raised their price target on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a report on Friday, November 15th. 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 report on Wednesday, July 31st. Finally, 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. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $55.31.

Brookfield Price Performance

Shares of NYSE BN opened at $56.78 on Wednesday. Brookfield Co. has a 52 week low of $33.61 and a 52 week high of $60.20. 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 firm has a market cap of $93.50 billion, a P/E ratio of 120.81 and a beta of 1.53. The business’s 50 day moving average price is $53.84 and its 200 day moving average price is $47.96.

Brookfield Dividend Announcement

The firm 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 $0.08 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.56%. Brookfield’s payout ratio is currently 68.09%.

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.