Nwam LLC Makes New Investment in Brookfield Co. (NYSE:BN)

Nwam LLC purchased a new stake in Brookfield Co. (NYSE:BN) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 6,954 shares of the company’s stock, valued at approximately $370,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. grew its position in Brookfield by 62.8% in the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock worth $30,000 after acquiring an additional 272 shares during the period. Kings Path Partners LLC acquired a new position in shares of Brookfield in the 2nd quarter valued at $31,000. Family Firm Inc. purchased a new position in shares of Brookfield during the 2nd quarter worth $36,000. First Personal Financial Services acquired a new stake in shares of Brookfield during the 3rd quarter worth about $42,000. Finally, Nisa Investment Advisors LLC raised its holdings in Brookfield by 63.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company’s stock valued at $48,000 after buying an additional 450 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Up 1.3 %

Brookfield stock opened at $58.27 on Monday. The firm has a market capitalization of $95.95 billion, a P/E ratio of 123.98 and a beta of 1.53. 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 Co. has a twelve month low of $33.72 and a twelve month high of $60.20. The stock’s fifty day simple moving average is $54.36 and its 200-day simple moving average is $48.24.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, December 16th. This represents a $0.32 annualized dividend and a yield of 0.55%. Brookfield’s dividend payout ratio (DPR) is 68.09%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BN shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Keefe, Bruyette & Woods increased 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. Scotiabank boosted their target price on Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. raised their price target on Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada cut their price objective on Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus 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.