Brookfield Co. (NYSE:BN) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC trimmed its position in Brookfield Co. (NYSE:BN) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,836 shares of the company’s stock after selling 1,322 shares during the quarter. Metis Global Partners LLC’s holdings in Brookfield were worth $2,647,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several research firms have issued reports on BN. BMO Capital Markets lifted their price objective on Brookfield from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. upped their price target on shares of Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Royal Bank of Canada decreased their price objective on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Keefe, Bruyette & Woods upped their target price on shares of Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a research note on Friday, August 9th. Finally, TD Securities lifted their price target on Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $53.31.

Brookfield Trading Up 0.4 %

NYSE:BN opened at $57.82 on Friday. The company has a market capitalization of $95.21 billion, a P/E ratio of 99.69 and a beta of 1.53. The stock’s 50 day moving average price is $53.26 and its 200 day moving average price is $47.54. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.03 and a current ratio of 1.20. Brookfield Co. has a 52 week low of $33.61 and a 52 week high of $60.20.

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.