Pinnacle Financial Partners Inc lowered its position in Brookfield Co. (NYSE:BN – Free Report) by 47.3% in the 3rd quarter, Holdings Channel reports. The firm owned 34,948 shares of the company’s stock after selling 31,361 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Brookfield were worth $1,858,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Brookfield during the second quarter valued at $128,321,000. M&G Plc bought a new stake in Brookfield during the 1st quarter valued at about $111,222,000. Capital World Investors boosted its position in Brookfield by 5.1% in the 1st quarter. Capital World Investors now owns 51,922,031 shares of the company’s stock valued at $2,173,923,000 after buying an additional 2,497,509 shares during the period. Wulff Hansen & CO. grew its stake in Brookfield by 4,054.0% in the 2nd quarter. Wulff Hansen & CO. now owns 1,542,505 shares of the company’s stock worth $64,076,000 after acquiring an additional 1,505,372 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Brookfield by 1.9% during the first quarter. Vanguard Group Inc. now owns 57,480,308 shares of the company’s stock worth $2,406,700,000 after acquiring an additional 1,063,110 shares during the period. Hedge funds and other institutional investors own 61.60% of the company’s stock.
Brookfield Price Performance
BN opened at $57.62 on Thursday. The firm has a market capitalization of $94.88 billion, a PE ratio of 99.35 and a beta of 1.53. 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’s 50-day moving average is $53.05 and its two-hundred day moving average is $47.47. Brookfield Co. has a 1 year low of $33.09 and a 1 year high of $59.23.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on Brookfield
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.
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