Brookfield Co. (NYSE:BN) Shares Sold by AMG National Trust Bank

AMG National Trust Bank cut its stake in Brookfield Co. (NYSE:BN) by 6.5% in the third quarter, HoldingsChannel reports. The fund owned 6,481 shares of the company’s stock after selling 450 shares during the period. AMG National Trust Bank’s holdings in Brookfield were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Blue Trust Inc. lifted its stake in shares of Brookfield by 62.8% in the 2nd quarter. Blue Trust Inc. now owns 705 shares of the company’s stock valued at $30,000 after purchasing an additional 272 shares during the period. Kings Path Partners LLC acquired a new stake in shares of Brookfield during the 2nd quarter valued at about $31,000. First Personal Financial Services purchased a new position in shares of Brookfield in the 3rd quarter valued at about $42,000. Family Firm Inc. acquired a new position in Brookfield in the 2nd quarter worth about $36,000. Finally, Nisa Investment Advisors LLC boosted its position in Brookfield by 63.5% during the second quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company’s stock worth $48,000 after purchasing an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Up 1.2 %

BN stock opened at $56.78 on Wednesday. The company has a market cap of $93.50 billion, a price-to-earnings ratio of 120.81 and a beta of 1.53. The firm has a 50-day moving average of $53.84 and a two-hundred day moving average of $47.96. Brookfield Co. has a 12 month low of $33.61 and a 12 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.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.56%. Brookfield’s payout ratio is 68.09%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BN. Scotiabank upped their target price on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 15th. Royal Bank of Canada dropped their target price on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. TD Securities upped their price target on shares of Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Keefe, Bruyette & Woods lifted their price objective on Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a report on Friday, August 9th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $62.00 target price (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.