Brookfield Co. (NYSE:BN) Shares Sold by Citigroup Inc.

Citigroup Inc. lowered its stake in shares of Brookfield Co. (NYSE:BN) by 4.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 460,813 shares of the company’s stock after selling 22,309 shares during the quarter. Citigroup Inc.’s holdings in Brookfield were worth $24,501,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BN. Blue Trust Inc. raised 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 valued at $30,000 after buying an additional 272 shares during the last quarter. Kings Path Partners LLC acquired a new position in Brookfield during the 2nd quarter worth $31,000. Family Firm Inc. bought a new position in shares of Brookfield in the second quarter worth $36,000. First Personal Financial Services acquired a new position in shares of Brookfield during the third quarter valued at $42,000. Finally, Nisa Investment Advisors LLC raised its stake 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 purchasing an additional 450 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BN shares. Scotiabank increased their target price 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. Keefe, Bruyette & Woods raised 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 upped their target price on Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. lifted their price target on Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada cut their price objective on Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $55.31.

Brookfield Trading Up 0.6 %

Shares of NYSE BN opened at $60.06 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. Brookfield Co. has a 12 month low of $33.72 and a 12 month high of $60.23. The company has a market cap of $98.90 billion, a price-to-earnings ratio of 127.79 and a beta of 1.53. The business has a fifty day simple moving average of $54.55 and a 200-day simple moving average of $48.35.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Monday, December 16th. Brookfield’s payout ratio is 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.