Marks Group Wealth Management Inc Has $902,000 Stock Holdings in Brookfield Co. (NYSE:BN)

Marks Group Wealth Management Inc lowered its stake in Brookfield Co. (NYSE:BN) by 9.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,706 shares of the company’s stock after selling 1,563 shares during the period. Marks Group Wealth Management Inc’s holdings in Brookfield were worth $902,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Valeo Financial Advisors LLC acquired a new stake in shares of Brookfield during the third quarter valued at about $210,000. Creative Planning raised its holdings in Brookfield by 7.1% in the 3rd quarter. Creative Planning now owns 349,696 shares of the company’s stock valued at $18,586,000 after buying an additional 23,269 shares during the last quarter. Baskin Financial Services Inc. raised its holdings in Brookfield by 0.6% in the 3rd quarter. Baskin Financial Services Inc. now owns 938,058 shares of the company’s stock valued at $49,788,000 after buying an additional 6,051 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. boosted its position in Brookfield by 0.8% during the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,757,035 shares of the company’s stock worth $93,422,000 after buying an additional 14,661 shares during the period. Finally, Blue Trust Inc. grew its holdings in Brookfield by 178.4% during the 3rd quarter. Blue Trust Inc. now owns 1,963 shares of the company’s stock worth $104,000 after acquiring an additional 1,258 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. CIBC raised their price target on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday, January 23rd. BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 target price (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Scotiabank upped their price target on Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research report on Monday, February 3rd. Morgan Stanley started coverage on Brookfield in a research note on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price target for the company. Finally, TD Securities lifted their price objective on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $64.00.

Brookfield Stock Down 0.2 %

Shares of Brookfield stock opened at $58.58 on Thursday. The stock’s 50-day moving average is $58.41 and its 200 day moving average is $54.39. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78. The firm has a market cap of $96.41 billion, a price-to-earnings ratio of 124.64 and a beta of 1.57. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03.

Brookfield 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.