Oppenheimer Asset Management Inc. Buys 1,442 Shares of Brookfield Co. (NYSE:BN)

Oppenheimer Asset Management Inc. increased its stake in Brookfield Co. (NYSE:BN) by 1.5% during the third quarter, Holdings Channel reports. The firm owned 100,126 shares of the company’s stock after acquiring an additional 1,442 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Brookfield were worth $5,322,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. increased its holdings in 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 buying an additional 272 shares during the period. Kings Path Partners LLC acquired a new stake in shares of Brookfield during the 2nd quarter worth approximately $31,000. Family Firm Inc. bought a new position in Brookfield in the second quarter valued at approximately $36,000. First Personal Financial Services acquired a new position in Brookfield during the third quarter valued at approximately $42,000. Finally, Nisa Investment Advisors LLC lifted its stake 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 during the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BN shares. Scotiabank lifted their price target on Brookfield from $51.25 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada decreased their target price on Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. JPMorgan Chase & Co. increased their target price on shares of Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. TD Securities lifted their price target on shares of Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a research 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 company. Based on data from MarketBeat, Brookfield has a consensus rating of “Moderate Buy” and an average target price of $53.31.

Brookfield Stock Performance

Brookfield stock opened at $57.82 on Friday. The business has a 50 day moving average of $53.26 and a 200-day moving average of $47.54. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.03. Brookfield Co. has a 1 year low of $33.61 and a 1 year high of $60.20. The company has a market capitalization of $95.21 billion, a P/E ratio of 99.69 and a beta of 1.53.

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.