Continuum Advisory LLC Purchases Shares of 956 Brookfield Co. (NYSE:BN)

Continuum Advisory LLC acquired a new stake in shares of Brookfield Co. (NYSE:BN) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 956 shares of the company’s stock, valued at approximately $55,000.

Other institutional investors have also recently made changes to their positions in the company. Nicholas Hoffman & Company LLC. raised its stake in Brookfield by 3.9% during the second quarter. Nicholas Hoffman & Company LLC. now owns 6,781 shares of the company’s stock valued at $282,000 after purchasing an additional 257 shares in the last quarter. Blue Trust Inc. raised its position in shares of Brookfield by 62.8% during 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 in the last quarter. First Trust Direct Indexing L.P. lifted its holdings in shares of Brookfield by 2.9% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company’s stock valued at $551,000 after acquiring an additional 292 shares during the last quarter. Rosenberg Matthew Hamilton lifted its holdings in shares of Brookfield by 20.6% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 1,734 shares of the company’s stock valued at $71,000 after acquiring an additional 296 shares during the last quarter. Finally, Caprock Group LLC grew its position in Brookfield by 2.5% in the third quarter. Caprock Group LLC now owns 12,332 shares of the company’s stock worth $655,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BN. BMO Capital Markets reaffirmed an “outperform” rating and issued a $62.00 price objective (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Scotiabank raised their price target on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $55.31.

Brookfield Stock Down 1.3 %

NYSE:BN opened at $59.24 on Friday. The company has a market cap of $97.55 billion, a price-to-earnings ratio of 126.04 and a beta of 1.55. Brookfield Co. has a twelve month low of $35.92 and a twelve month high of $62.44. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.40. The stock has a fifty day simple moving average of $56.63 and a 200-day simple moving average of $49.73.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.08 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.32 annualized dividend and a yield of 0.54%. Brookfield’s dividend payout ratio (DPR) is 68.09%.

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.