Sanctuary Advisors LLC Sells 7,625 Shares of Brookfield Co. (NYSE:BN)

Sanctuary Advisors LLC decreased its holdings in shares of Brookfield Co. (NYSE:BN) by 16.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,160 shares of the company’s stock after selling 7,625 shares during the period. Sanctuary Advisors LLC’s holdings in Brookfield were worth $2,340,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BN. Virtu Financial LLC bought a new position in Brookfield during the third quarter worth $211,000. Rehmann Capital Advisory Group bought a new position in shares of Brookfield during the 3rd quarter worth about $241,000. Toronto Dominion Bank grew its stake in shares of Brookfield by 23.4% in the 3rd quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock valued at $364,152,000 after buying an additional 1,301,072 shares during the period. Wilson & Boucher Capital Management LLC acquired a new stake in shares of Brookfield in the 3rd quarter valued at about $188,000. Finally, Geode Capital Management LLC increased its position in Brookfield by 10.9% in the 3rd quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company’s stock valued at $320,670,000 after buying an additional 591,757 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

Brookfield Trading Down 6.0 %

Shares of Brookfield stock opened at $55.46 on Thursday. 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 $57.05 and a 200 day simple moving average of $50.19. Brookfield Co. has a 12-month low of $37.77 and a 12-month high of $62.44. The company has a market capitalization of $91.35 billion, a P/E ratio of 118.00 and a beta of 1.55.

Brookfield Announces Dividend

The company 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. This represents a $0.32 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Monday, December 16th. Brookfield’s payout ratio is 68.09%.

About Brookfield

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.