Brookfield Co. (NYSE:BN) Shares Bought by Partners Group Holding AG

Partners Group Holding AG raised its position in shares of Brookfield Co. (NYSE:BN) by 53.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 409,303 shares of the company’s stock after buying an additional 142,603 shares during the period. Brookfield comprises about 1.5% of Partners Group Holding AG’s holdings, making the stock its 27th largest holding. Partners Group Holding AG’s holdings in Brookfield were worth $21,754,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company boosted its stake in shares of Brookfield by 31.6% in the third quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock valued at $623,783,000 after purchasing an additional 2,818,716 shares during the period. Brown Brothers Harriman & Co. boosted its position in Brookfield by 4.5% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 36,499 shares of the company’s stock valued at $1,940,000 after buying an additional 1,582 shares during the period. Douglass Winthrop Advisors LLC purchased a new position in Brookfield in the 3rd quarter valued at approximately $229,000. Pitcairn Co. grew its stake in shares of Brookfield by 12.6% in the third quarter. Pitcairn Co. now owns 26,117 shares of the company’s stock worth $1,388,000 after acquiring an additional 2,913 shares in the last quarter. Finally, Algert Global LLC purchased a new stake in shares of Brookfield during the third quarter worth $1,585,000. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Stock Up 2.5 %

BN stock opened at $59.71 on Tuesday. The company’s 50 day moving average is $54.55 and its two-hundred day moving average is $48.35. Brookfield Co. has a twelve month low of $33.72 and a twelve month high of $60.20. 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 stock has a market cap of $98.32 billion, a P/E ratio of 127.03 and a beta of 1.53.

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.08 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.54%. Brookfield’s dividend payout ratio (DPR) is presently 68.09%.

Analyst Ratings Changes

Several research firms recently commented on BN. BMO Capital Markets reissued an “outperform” rating and set a $62.00 target price (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. TD Securities boosted their price objective on Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Scotiabank raised their target price on shares of Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a report on Friday, November 15th. Royal Bank of Canada decreased their price target on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.