Gilbert & Cook Inc. Sells 2,448 Shares of Brookfield Co. (NYSE:BN)

Gilbert & Cook Inc. reduced its position in Brookfield Co. (NYSE:BN) by 8.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,443 shares of the company’s stock after selling 2,448 shares during the quarter. Gilbert & Cook Inc.’s holdings in Brookfield were worth $1,459,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cetera Investment Advisers raised its holdings in Brookfield by 1,022.6% in the first quarter. Cetera Investment Advisers now owns 272,807 shares of the company’s stock worth $11,427,000 after purchasing an additional 248,506 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Brookfield by 324.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 105,678 shares of the company’s stock worth $4,390,000 after purchasing an additional 80,762 shares in the last quarter. Callan Family Office LLC bought a new position in Brookfield in the second quarter worth about $446,000. Acadian Asset Management LLC raised its holdings in Brookfield by 352.5% in the first quarter. Acadian Asset Management LLC now owns 196,670 shares of the company’s stock worth $8,232,000 after purchasing an additional 153,205 shares in the last quarter. Finally, Leavell Investment Management Inc. raised its holdings in Brookfield by 373.2% in the third quarter. Leavell Investment Management Inc. now owns 35,118 shares of the company’s stock worth $1,867,000 after purchasing an additional 27,696 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a report on Friday, August 9th. TD Securities boosted their price target on Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Scotiabank boosted their price target on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research note on Friday. BMO Capital Markets restated an “outperform” rating and set a $62.00 price target (up previously from $50.00) on shares of Brookfield in a research note on Friday. Finally, JPMorgan Chase & Co. boosted their price target on Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Brookfield currently has a consensus rating of “Moderate Buy” and an average target price of $55.31.

Brookfield Price Performance

Shares of NYSE BN opened at $56.79 on Friday. The business’s 50 day moving average price is $53.47 and its 200 day moving average price is $47.71. The firm has a market cap of $93.52 billion, a P/E ratio of 120.83 and a beta of 1.53. Brookfield Co. has a 52 week low of $33.61 and a 52 week high of $60.20. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 1.39.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.08 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.56%. Brookfield’s dividend payout ratio is currently 68.09%.

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.