Plato Investment Management Ltd Takes Position in Brookfield Co. (NYSE:BN)

Plato Investment Management Ltd purchased a new stake in Brookfield Co. (NYSE:BN) during the third quarter, according to its most recent filing with the SEC. The firm purchased 8,189 shares of the company’s stock, valued at approximately $435,000.

Several other hedge funds and other institutional investors have also bought and sold shares of BN. Nicholas Hoffman & Company LLC. grew its stake in Brookfield by 3.9% in the second quarter. Nicholas Hoffman & Company LLC. now owns 6,781 shares of the company’s stock valued at $282,000 after acquiring an additional 257 shares during the period. Blue Trust Inc. grew its position in shares of 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 purchasing an additional 272 shares during the period. First Trust Direct Indexing L.P. increased its stake in Brookfield by 2.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company’s stock worth $551,000 after purchasing an additional 292 shares in the last quarter. Rosenberg Matthew Hamilton increased its stake in Brookfield by 20.6% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 1,734 shares of the company’s stock worth $71,000 after purchasing an additional 296 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in Brookfield by 6.7% during the 2nd quarter. UMB Bank n.a. now owns 5,878 shares of the company’s stock worth $244,000 after buying an additional 368 shares during the period. Institutional investors own 61.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BN. JPMorgan Chase & Co. upped their price target on shares of Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. BMO Capital Markets upped their target price on shares of Brookfield from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Keefe, Bruyette & Woods lifted their price target on Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a research note on Friday, August 9th. TD Securities boosted their price target on Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Scotiabank increased their price objective on Brookfield from $51.25 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.31.

Brookfield Price Performance

Shares of NYSE BN opened at $57.82 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.03. The business has a 50-day moving average of $53.26 and a 200-day moving average of $47.54. The stock has a market capitalization of $95.21 billion, a price-to-earnings ratio of 99.69 and a beta of 1.53. Brookfield Co. has a fifty-two week low of $33.61 and a fifty-two week high of $60.20.

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.