BNP Paribas Buys 8,000 Shares of Brookfield Co. (NYSE:BN)

BNP Paribas grew its stake in shares of Brookfield Co. (NYSE:BN) by 4.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 197,225 shares of the company’s stock after acquiring an additional 8,000 shares during the period. BNP Paribas’ holdings in Brookfield were worth $10,574,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. grew its position in Brookfield by 62.8% during the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock worth $30,000 after buying an additional 272 shares in the last quarter. Kings Path Partners LLC purchased a new position in shares of Brookfield during the second quarter worth about $31,000. First Personal Financial Services bought a new position in shares of Brookfield in the third quarter worth approximately $42,000. Family Firm Inc. purchased a new stake in Brookfield in the second quarter valued at approximately $36,000. Finally, Nisa Investment Advisors LLC lifted its position in Brookfield by 63.5% during the second 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 during the last quarter. 61.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BN shares. TD Securities increased their price target 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 increased their target price on Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a research note on Friday, August 9th. Scotiabank lifted their price target on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 15th. Royal Bank of Canada reduced their price objective on Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $62.00 price objective (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Brookfield currently has a consensus rating of “Moderate Buy” and an average target price of $55.31.

Brookfield Trading Up 0.6 %

NYSE BN opened at $60.06 on Wednesday. The stock has a 50-day moving average of $54.55 and a 200-day moving average of $48.35. 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 1-year low of $33.72 and a 1-year high of $60.23. The firm has a market cap of $98.90 billion, a PE ratio of 127.79 and a beta of 1.53.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Monday, December 16th. Brookfield’s dividend payout ratio (DPR) is presently 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.