Brookfield Co. (NYSE:BN) Shares Purchased by Partners Group Holding AG

Partners Group Holding AG increased its holdings in shares of Brookfield Co. (NYSE:BN) by 53.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 409,303 shares of the company’s stock after purchasing an additional 142,603 shares during the period. Brookfield makes up 1.5% of Partners Group Holding AG’s holdings, making the stock its 27th biggest position. Partners Group Holding AG’s holdings in Brookfield were worth $21,754,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BN. PNC Financial Services Group Inc. increased its stake in shares of 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 in the last quarter. Cetera Investment Advisers increased its position in shares of Brookfield by 1,022.6% in the first quarter. Cetera Investment Advisers now owns 272,807 shares of the company’s stock valued at $11,427,000 after buying an additional 248,506 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Brookfield by 324.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 105,678 shares of the company’s stock worth $4,390,000 after buying an additional 80,762 shares during the period. Callan Family Office LLC acquired a new stake in Brookfield during the 2nd quarter worth $446,000. Finally, Leavell Investment Management Inc. grew its holdings 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 worth $1,867,000 after buying an additional 27,696 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BN has been the topic of a number of recent research reports. Scotiabank boosted 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. 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 report on Friday, August 9th. JPMorgan Chase & Co. lifted their price objective on Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. TD Securities upped their target price on Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a report on Monday, August 12th. Finally, BMO Capital Markets reaffirmed 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $55.31.

Brookfield Stock Performance

NYSE BN opened at $59.71 on Tuesday. The stock has a fifty day simple moving average of $54.55 and a 200-day simple moving average of $48.35. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.40. The stock has a market cap of $98.32 billion, a PE ratio of 127.03 and a beta of 1.53. Brookfield Co. has a twelve month low of $33.72 and a twelve month high of $60.20.

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.54%. The ex-dividend date is Monday, December 16th. Brookfield’s dividend payout ratio (DPR) is presently 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.