3,966 Shares in Brookfield Co. (NYSE:BN) Bought by Virtu Financial LLC

Virtu Financial LLC bought a new position in shares of Brookfield Co. (NYSE:BNFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,966 shares of the company’s stock, valued at approximately $211,000.

A number of other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. lifted 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 worth $30,000 after purchasing an additional 272 shares during the last quarter. Kings Path Partners LLC acquired a new position in shares of Brookfield during the second quarter worth approximately $31,000. Family Firm Inc. bought a new stake in shares of Brookfield in the second quarter valued at approximately $36,000. First Personal Financial Services bought a new stake in shares of Brookfield in the third quarter valued at approximately $42,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Brookfield in the third quarter worth $42,000. 61.60% of the stock is currently owned by institutional investors.

Brookfield Stock Down 6.0 %

BN opened at $55.46 on Thursday. Brookfield Co. has a twelve month low of $37.77 and a twelve month high of $62.44. The firm has a market cap of $91.35 billion, a price-to-earnings ratio of 118.00 and a beta of 1.55. The firm’s 50-day simple moving average is $57.05 and its 200-day simple moving average is $50.19. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Monday, December 16th. Brookfield’s dividend payout ratio is currently 68.09%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Scotiabank increased their price target on shares of 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 reissued an “outperform” rating and set a $62.00 target price (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $55.31.

View Our Latest Analysis on BN

About Brookfield

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Brookfield (NYSE:BN)

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