Haverford Trust Co Purchases New Stake in Brookfield Co. (NYSE:BN)

Haverford Trust Co purchased a new stake in Brookfield Co. (NYSE:BN) in the third quarter, Holdings Channel.com reports. The fund purchased 4,116 shares of the company’s stock, valued at approximately $219,000.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of Brookfield by 62.8% in the 2nd 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 stake in Brookfield in the second quarter valued at $31,000. Family Firm Inc. purchased a new position in shares of Brookfield in the second quarter valued at $36,000. First Personal Financial Services acquired a new position in shares of Brookfield during the 3rd quarter worth $42,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of Brookfield by 63.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company’s stock worth $48,000 after buying an additional 450 shares in the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Keefe, Bruyette & Woods lifted their target price 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. Royal Bank of Canada cut their price objective on Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. increased their target price on Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. BMO Capital Markets boosted their price target on Brookfield from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, TD Securities lifted 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. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $53.31.

Brookfield Trading Up 0.4 %

Shares of BN stock opened at $57.82 on Friday. The firm’s 50-day simple moving average is $53.26 and its 200-day simple moving average is $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 firm has a market cap of $95.21 billion, a P/E ratio of 99.69 and a beta of 1.53.

About Brookfield

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.