Crossmark Global Holdings Inc. Increases Stake in Brookfield Co. (NYSE:BN)

Crossmark Global Holdings Inc. grew its holdings in Brookfield Co. (NYSE:BN) by 11.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,059 shares of the company’s stock after buying an additional 5,392 shares during the period. Crossmark Global Holdings Inc.’s holdings in Brookfield were worth $2,873,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in 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 buying an additional 272 shares in the last quarter. Kings Path Partners LLC purchased a new stake in shares of Brookfield in the second quarter valued at about $31,000. First Personal Financial Services acquired a new stake in Brookfield during the third quarter worth about $42,000. Family Firm Inc. purchased a new position in Brookfield during the second quarter worth about $36,000. Finally, Nisa Investment Advisors LLC lifted its holdings in Brookfield by 63.5% in the second quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company’s stock valued at $48,000 after acquiring an additional 450 shares during the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Scotiabank raised their target price on Brookfield from $51.25 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their price objective on shares of Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a report on Friday, August 9th. Royal Bank of Canada lowered their target price on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. JPMorgan Chase & Co. boosted their price target 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. Finally, BMO Capital Markets increased their price objective on shares of Brookfield from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.31.

Brookfield Trading Up 3.0 %

Shares of BN stock opened at $58.78 on Tuesday. Brookfield Co. has a fifty-two week low of $31.51 and a fifty-two week high of $59.23. The company has a 50 day moving average price of $52.64 and a 200 day moving average price of $47.28. The stock has a market capitalization of $96.77 billion, a P/E ratio of 101.35 and a beta of 1.53. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.03 and a current ratio of 1.20.

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.