Brookfield Co. (NYSE:BN) Stock Holdings Trimmed by First Heartland Consultants Inc.

First Heartland Consultants Inc. lessened its position in shares of Brookfield Co. (NYSE:BN) by 28.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,439 shares of the company’s stock after selling 2,583 shares during the period. First Heartland Consultants Inc.’s holdings in Brookfield were worth $342,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised its stake in Brookfield by 62.8% during the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock worth $30,000 after acquiring an additional 272 shares during the period. Kings Path Partners LLC bought a new position in shares of Brookfield during the second quarter valued at approximately $31,000. First Personal Financial Services acquired a new stake in shares of Brookfield during the 3rd quarter worth approximately $42,000. Family Firm Inc. bought a new stake in shares of Brookfield in the 2nd quarter worth approximately $36,000. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Brookfield by 63.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company’s stock worth $48,000 after purchasing an additional 450 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BN. BMO Capital Markets increased their target price on Brookfield from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Royal Bank of Canada dropped their price objective on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Keefe, Bruyette & Woods boosted their target price on shares of Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a research note on Friday, August 9th. TD Securities raised their price target on shares of Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, JPMorgan Chase & Co. lifted 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. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Brookfield has an average rating of “Moderate Buy” and an average price target of $53.31.

Brookfield Trading Down 0.5 %

Shares of BN stock opened at $57.62 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 1.39. The stock has a 50-day simple moving average of $53.05 and a 200 day simple moving average of $47.47. Brookfield Co. has a fifty-two week low of $33.09 and a fifty-two week high of $59.23. The stock has a market capitalization of $94.88 billion, a P/E ratio of 99.35 and a beta of 1.53.

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.