Metis Global Partners LLC Sells 1,322 Shares of Brookfield Co. (NYSE:BN)

Metis Global Partners LLC cut its position in Brookfield Co. (NYSE:BN) by 2.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 49,836 shares of the company’s stock after selling 1,322 shares during the quarter. Metis Global Partners LLC’s holdings in Brookfield were worth $2,647,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of BN. Envestnet Portfolio Solutions Inc. increased its position in Brookfield by 9.1% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 11,369 shares of the company’s stock worth $476,000 after buying an additional 946 shares during the period. Bleakley Financial Group LLC raised its stake in Brookfield by 2.3% during the 1st quarter. Bleakley Financial Group LLC now owns 22,030 shares of the company’s stock valued at $922,000 after purchasing an additional 494 shares during the last quarter. Blair William & Co. IL boosted its holdings in Brookfield by 0.7% in the 1st quarter. Blair William & Co. IL now owns 114,275 shares of the company’s stock valued at $4,785,000 after purchasing an additional 835 shares during the period. Cumberland Partners Ltd bought a new stake in Brookfield in the 1st quarter valued at $235,000. Finally, Motco bought a new position in shares of Brookfield during the 1st quarter worth about $98,000. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Performance

Shares of NYSE:BN opened at $57.82 on Friday. The stock has a market capitalization of $95.21 billion, a price-to-earnings ratio of 99.69 and a beta of 1.53. The business’s fifty day moving average price is $53.26 and its two-hundred day moving average price is $47.54. Brookfield Co. has a fifty-two week low of $33.61 and a fifty-two week high of $60.20. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.03.

Analyst Ratings Changes

Several research firms recently weighed in on BN. BMO Capital Markets increased their target price on shares of Brookfield from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. TD Securities raised 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. Keefe, Bruyette & Woods boosted their price objective on Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a research report on Friday, August 9th. Scotiabank upped their target price on Brookfield from $51.25 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.31.

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.