Montrusco Bolton Investments Inc. Lowers Stock Holdings in Brookfield Co. (NYSE:BN)

Montrusco Bolton Investments Inc. lowered its stake in Brookfield Co. (NYSE:BN) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 120,442 shares of the company’s stock after selling 1,315 shares during the period. Montrusco Bolton Investments Inc.’s holdings in Brookfield were worth $6,404,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Cooke & Bieler LP increased its holdings in shares of Brookfield by 5.0% in the second 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 during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Brookfield by 10.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company’s stock worth $189,507,000 after buying an additional 351,231 shares during the period. SG Americas Securities LLC purchased a new position in shares of Brookfield in the second quarter worth about $128,321,000. Cardinal Capital Management Inc. increased its holdings in shares of Brookfield by 1.4% in the second quarter. Cardinal Capital Management Inc. now owns 2,352,094 shares of the company’s stock worth $97,766,000 after buying an additional 31,730 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Brookfield by 1.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,763,283 shares of the company’s stock worth $73,256,000 after buying an additional 26,072 shares during the period. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. 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 report on Friday, November 15th. Royal Bank of Canada reduced their price target on Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. JPMorgan Chase & Co. boosted their price target on Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods boosted their price target on Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a report on Friday, August 9th. Finally, TD Securities lifted their price objective on Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $55.31.

Brookfield Price Performance

NYSE BN opened at $58.27 on Friday. The business’s fifty day moving average price is $54.36 and its 200-day moving average price is $48.18. The stock has a market capitalization of $95.95 billion, a price-to-earnings ratio of 123.98 and a beta of 1.53. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. Brookfield Co. has a 1-year low of $33.72 and a 1-year high of $60.20.

Brookfield Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, December 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.55%. Brookfield’s payout ratio is 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.