Brookfield Co. (NYSE:BN) Shares Acquired by MML Investors Services LLC

MML Investors Services LLC boosted its stake in Brookfield Co. (NYSE:BN) by 11.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,372 shares of the company’s stock after acquiring an additional 1,347 shares during the period. MML Investors Services LLC’s holdings in Brookfield were worth $711,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Nicholas Hoffman & Company LLC. grew its stake in shares of Brookfield by 3.9% in the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 6,781 shares of the company’s stock valued at $282,000 after purchasing an additional 257 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Brookfield by 62.8% during the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock worth $30,000 after purchasing an additional 272 shares during the period. First Trust Direct Indexing L.P. lifted its holdings in shares of Brookfield by 2.9% during the third quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company’s stock worth $551,000 after purchasing an additional 292 shares during the period. Rosenberg Matthew Hamilton grew its position in Brookfield by 20.6% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 1,734 shares of the company’s stock valued at $71,000 after buying an additional 296 shares during the last quarter. Finally, Caprock Group LLC increased its stake in Brookfield by 2.5% in the 3rd quarter. Caprock Group LLC now owns 12,332 shares of the company’s stock valued at $655,000 after buying an additional 300 shares during the period. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Stock Up 1.1 %

BN stock opened at $56.09 on Friday. The company’s 50-day moving average price is $57.15 and its 200 day moving average price is $50.31. Brookfield Co. has a 52 week low of $37.77 and a 52 week high of $62.44. 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 company has a market cap of $92.38 billion, a P/E ratio of 119.34 and a beta of 1.55.

Brookfield Announces Dividend

The company 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. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.32 annualized dividend and a yield of 0.57%. Brookfield’s dividend payout ratio is presently 68.09%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. BMO Capital Markets restated an “outperform” rating and issued a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Scotiabank raised their price objective on shares of Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $55.31.

Brookfield Company 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.