Brookfield Co. (NYSE:BN) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its position in Brookfield Co. (NYSE:BN) by 31.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,736,712 shares of the company’s stock after purchasing an additional 2,818,716 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.71% of Brookfield worth $623,783,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in BN. Blue Trust Inc. grew its position 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 in the last quarter. Kings Path Partners LLC bought a new stake in Brookfield during the second quarter worth approximately $31,000. Family Firm Inc. bought a new stake in Brookfield during the second quarter worth approximately $36,000. First Personal Financial Services acquired a new stake in Brookfield in the third quarter worth approximately $42,000. Finally, Nisa Investment Advisors LLC boosted its stake in Brookfield by 63.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company’s stock valued at $48,000 after purchasing an additional 450 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BN shares. Scotiabank upped their price objective on Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a report on Friday, November 15th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. TD Securities boosted their target price on shares of Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Keefe, Bruyette & Woods raised their target price on shares of Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a report on Friday, August 9th. Finally, Royal Bank of Canada dropped their price target on Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $55.31.

Brookfield Trading Up 2.5 %

NYSE:BN opened at $59.71 on Tuesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17. The company has a market capitalization of $98.32 billion, a P/E ratio of 127.03 and a beta of 1.53. The stock’s 50 day moving average price is $54.55 and its 200 day moving average price is $48.35. Brookfield Co. has a 52 week low of $33.72 and a 52 week high of $60.20.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.54%. Brookfield’s payout ratio is currently 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.