Summit Trail Advisors LLC Has $1.55 Million Stock Holdings in Brookfield Co. (NYSE:BN)

Summit Trail Advisors LLC trimmed its position in Brookfield Co. (NYSE:BN) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,242 shares of the company’s stock after selling 254 shares during the quarter. Summit Trail Advisors LLC’s holdings in Brookfield were worth $1,554,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Cetera Investment Advisers increased its position in Brookfield by 1,022.6% in the 1st quarter. Cetera Investment Advisers now owns 272,807 shares of the company’s stock worth $11,427,000 after buying an additional 248,506 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Brookfield by 5.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company’s stock valued at $9,764,000 after purchasing an additional 9,915 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Brookfield by 324.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 105,678 shares of the company’s stock worth $4,390,000 after purchasing an additional 80,762 shares during the last quarter. Callan Family Office LLC acquired a new position in shares of Brookfield during the second quarter valued at about $446,000. Finally, Leavell Investment Management Inc. raised its position in shares of Brookfield by 373.2% during the third quarter. Leavell Investment Management Inc. now owns 35,118 shares of the company’s stock valued at $1,867,000 after buying an additional 27,696 shares during the last quarter. 61.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BN. Royal Bank of Canada dropped their price objective on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Keefe, Bruyette & Woods upped 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. Scotiabank upped 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. TD Securities boosted their price objective on shares of Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a report on Monday, August 12th. 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 report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $55.31.

Brookfield Stock Performance

Shares of BN stock opened at $58.27 on Monday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. Brookfield Co. has a one year low of $33.72 and a one year high of $60.20. The company has a fifty day moving average price of $54.36 and a two-hundred day moving average price of $48.24. The stock has a market cap of $95.95 billion, a P/E ratio of 123.98 and a beta of 1.53.

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 given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.55%. The ex-dividend date is Monday, December 16th. Brookfield’s payout ratio is 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.