Brookfield Co. (NYSE:BN) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC lessened its stake in Brookfield Co. (NYSE:BN) by 12.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,165 shares of the company’s stock after selling 4,100 shares during the quarter. Avior Wealth Management LLC’s holdings in Brookfield were worth $1,497,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. 1832 Asset Management L.P. boosted its stake in shares of Brookfield by 1.3% in the first quarter. 1832 Asset Management L.P. now owns 22,605,567 shares of the company’s stock valued at $946,495,000 after purchasing an additional 299,029 shares during the period. Cooke & Bieler LP lifted its holdings in Brookfield by 5.0% in the 2nd quarter. Cooke & Bieler LP now owns 5,698,773 shares of the company’s stock worth $236,727,000 after buying an additional 269,813 shares in the last quarter. SG Americas Securities LLC purchased a new position in Brookfield in the 2nd quarter valued at about $128,321,000. Cardinal Capital Management Inc. grew its stake in shares of Brookfield by 1.4% during the second quarter. Cardinal Capital Management Inc. now owns 2,352,094 shares of the company’s stock valued at $97,766,000 after acquiring an additional 31,730 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Brookfield by 1.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,763,283 shares of the company’s stock worth $73,256,000 after acquiring an additional 26,072 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Performance

Shares of NYSE BN opened at $56.39 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. The firm’s 50-day moving average price is $54.01 and its two-hundred day moving average price is $48.01. Brookfield Co. has a 52-week low of $33.70 and a 52-week high of $60.20. The stock has a market capitalization of $92.86 billion, a P/E ratio of 119.98 and a beta of 1.53.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.57%. Brookfield’s dividend payout ratio is currently 68.09%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Scotiabank lifted their price objective on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a report on Friday, November 15th. JPMorgan Chase & Co. increased their price objective on shares of Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. TD Securities raised their price objective on shares of Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Royal Bank of Canada cut their target price on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 price target (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Brookfield currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.31.

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.