Citizens Financial Group Inc. RI Makes New Investment in Brookfield Co. (NYSE:BN)

Citizens Financial Group Inc. RI acquired a new position in shares of Brookfield Co. (NYSE:BN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,110 shares of the company’s stock, valued at approximately $218,000.

A number of other large investors have also made changes to their positions in the company. Natixis acquired a new position in Brookfield in the 1st quarter valued at approximately $275,000. Price T Rowe Associates Inc. MD lifted its position in Brookfield by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 109,552 shares of the company’s stock worth $4,587,000 after purchasing an additional 4,428 shares during the period. Ancora Advisors LLC lifted its holdings in shares of Brookfield by 2.8% during the 1st quarter. Ancora Advisors LLC now owns 45,766 shares of the company’s stock worth $1,916,000 after acquiring an additional 1,250 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in Brookfield by 3.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 20,009 shares of the company’s stock worth $838,000 after purchasing an additional 715 shares during the period. Finally, Jane Street Group LLC boosted its stake in Brookfield by 1.9% in the 1st quarter. Jane Street Group LLC now owns 222,916 shares of the company’s stock valued at $9,333,000 after buying an additional 4,103 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Trading Up 1.3 %

BN stock opened at $58.27 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. Brookfield Co. has a twelve month low of $33.72 and a twelve month high of $60.20. The company has a market cap of $95.95 billion, a P/E ratio of 123.98 and a beta of 1.53. The business has a fifty day moving average of $54.36 and a 200-day moving average of $48.21.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.32 annualized dividend and a yield of 0.55%. Brookfield’s dividend payout ratio is currently 68.09%.

Analysts Set New Price Targets

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