Brookfield Co. (NYSE:BN) Stake Lifted by Jackson Hill Advisors LLC

Jackson Hill Advisors LLC boosted its position in shares of Brookfield Co. (NYSE:BN) by 8.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 501,000 shares of the company’s stock after purchasing an additional 41,000 shares during the quarter. Brookfield comprises about 13.5% of Jackson Hill Advisors LLC’s portfolio, making the stock its biggest position. Jackson Hill Advisors LLC’s holdings in Brookfield were worth $26,628,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in Brookfield by 62.8% during the 2nd quarter. Blue Trust Inc. now owns 705 shares of the company’s stock valued at $30,000 after acquiring an additional 272 shares in the last quarter. Kings Path Partners LLC bought a new stake in Brookfield during the 2nd quarter valued at $31,000. First Personal Financial Services bought a new stake in Brookfield during the 3rd quarter valued at $42,000. Family Firm Inc. bought a new stake in Brookfield during the 2nd quarter valued at $36,000. Finally, Nisa Investment Advisors LLC boosted its position in Brookfield by 63.5% during the 2nd 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 in the last quarter. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Stock Performance

Shares of BN opened at $57.00 on Monday. The stock has a 50-day moving average of $53.47 and a two-hundred day moving average of $47.75. Brookfield Co. has a one year low of $33.61 and a one year high of $60.20. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.03 and a current ratio of 1.20. The stock has a market cap of $93.86 billion, a P/E ratio of 120.83 and a beta of 1.53.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend 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%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Royal Bank of Canada dropped their target price on Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. JPMorgan Chase & Co. raised their price objective on Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Scotiabank raised their price objective on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research report on Friday. Keefe, Bruyette & Woods raised their price objective on Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Friday, August 9th. Finally, TD Securities raised their price objective on Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Brookfield presently has a consensus rating of “Moderate Buy” and an average price target of $55.31.

Brookfield 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.