Brookfield Co. (NYSE:BN) Position Trimmed by Bruni J V & Co. Co.

Bruni J V & Co. Co. trimmed its holdings in shares of Brookfield Co. (NYSE:BN) by 1.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,470,598 shares of the company’s stock after selling 27,370 shares during the period. Brookfield makes up approximately 8.7% of Bruni J V & Co. Co.’s holdings, making the stock its largest position. Bruni J V & Co. Co. owned approximately 0.09% of Brookfield worth $78,162,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of Brookfield by 62.8% in the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock worth $30,000 after acquiring an additional 272 shares during the last quarter. Kings Path Partners LLC purchased a new stake in Brookfield during the 2nd quarter valued at about $31,000. First Personal Financial Services bought a new stake in Brookfield during the 3rd quarter valued at about $42,000. Family Firm Inc. bought a new position in shares of Brookfield in the second quarter worth approximately $36,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Brookfield by 63.5% during the second quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company’s stock valued at $48,000 after buying an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. BMO Capital Markets reaffirmed an “outperform” rating and issued a $62.00 price objective (up from $50.00) on shares of Brookfield in a research report on Friday. Scotiabank increased their price objective on Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research report on Friday. TD Securities upped their target price on shares of Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Keefe, Bruyette & Woods raised their target price on shares of Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. increased their price target on shares of Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $55.31.

Brookfield Stock Down 1.2 %

BN opened at $56.11 on Tuesday. Brookfield Co. has a fifty-two week low of $33.61 and a fifty-two week high of $60.20. The stock has a market cap of $92.40 billion, a price-to-earnings ratio of 119.39 and a beta of 1.53. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.03 and a current ratio of 1.20. The firm’s fifty day moving average is $53.65 and its 200 day moving average is $47.86.

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Monday, December 16th. 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.