Caprock Group LLC Buys 300 Shares of Brookfield Co. (NYSE:BN)

Caprock Group LLC increased its stake in Brookfield Co. (NYSE:BN) by 2.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,332 shares of the company’s stock after purchasing an additional 300 shares during the quarter. Caprock Group LLC’s holdings in Brookfield were worth $655,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BN. Cooke & Bieler LP boosted its position in Brookfield by 5.0% during the second quarter. Cooke & Bieler LP now owns 5,698,773 shares of the company’s stock worth $236,727,000 after purchasing an additional 269,813 shares during the period. SG Americas Securities LLC bought a new position in Brookfield in the 2nd quarter worth approximately $128,321,000. Cardinal Capital Management Inc. grew its stake in Brookfield by 1.4% in the 2nd quarter. Cardinal Capital Management Inc. now owns 2,352,094 shares of the company’s stock valued at $97,766,000 after buying an additional 31,730 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Brookfield by 1.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,763,283 shares of the company’s stock valued at $73,256,000 after acquiring an additional 26,072 shares during the period. Finally, Dixon Mitchell Investment Counsel Inc. lifted its position in shares of Brookfield by 0.8% during the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,757,035 shares of the company’s stock worth $93,422,000 after acquiring an additional 14,661 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

BN has been the topic of a number of analyst reports. Scotiabank boosted their price objective on Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research note on Friday, November 15th. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 price target (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. Keefe, Bruyette & Woods boosted their price objective 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. TD Securities raised their price target on shares of Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Royal Bank of Canada decreased their price target on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Two research 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 has a consensus rating of “Moderate Buy” and an average target price of $55.31.

Brookfield Stock Performance

NYSE BN opened at $58.27 on Friday. The company has a market capitalization of $95.95 billion, a P/E ratio of 123.98 and a beta of 1.53. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17. Brookfield Co. has a 52-week low of $33.72 and a 52-week high of $60.20. The company has a fifty day moving average of $54.36 and a 200-day moving average of $48.18.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 0.55%. The ex-dividend date is Monday, December 16th. Brookfield’s payout ratio is currently 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.