Quantinno Capital Management LP Grows Stake in Brookfield Co. (NYSE:BN)

Quantinno Capital Management LP grew its holdings in Brookfield Co. (NYSE:BN) by 49.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 26,783 shares of the company’s stock after buying an additional 8,814 shares during the quarter. Quantinno Capital Management LP’s holdings in Brookfield were worth $1,424,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Brookfield by 131.9% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company’s stock worth $24,594,000 after buying an additional 263,375 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Brookfield by 5.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company’s stock valued at $9,764,000 after buying an additional 9,915 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Brookfield by 10.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company’s stock worth $189,507,000 after acquiring an additional 351,231 shares in the last quarter. Partners Group Holding AG increased its stake in shares of Brookfield by 53.5% in the 3rd quarter. Partners Group Holding AG now owns 409,303 shares of the company’s stock worth $21,754,000 after acquiring an additional 142,603 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of 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 acquiring an additional 80,762 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Performance

Shares of NYSE BN opened at $59.24 on Friday. The firm’s 50-day moving average price is $56.63 and its 200-day moving average price is $49.73. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. The company has a market cap of $97.55 billion, a PE ratio of 126.04 and a beta of 1.55. Brookfield Co. has a 52-week low of $35.92 and a 52-week high of $62.44.

Brookfield Announces Dividend

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 $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, December 16th. Brookfield’s payout ratio is 68.09%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BN shares. Scotiabank increased their price target on shares of Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 15th. BMO Capital Markets restated an “outperform” rating and set a $62.00 price objective (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 company’s stock. According to data from MarketBeat.com, Brookfield presently has an average rating of “Moderate Buy” and an average target price of $55.31.

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.