Atria Investments Inc Has $2.50 Million Stake in Brookfield Co. (NYSE:BN)

Atria Investments Inc reduced its stake in shares of Brookfield Co. (NYSE:BN) by 5.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,953 shares of the company’s stock after selling 2,564 shares during the period. Atria Investments Inc’s holdings in Brookfield were worth $2,496,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Brookfield during the 2nd quarter worth about $128,321,000. M&G Plc purchased a new stake in Brookfield during the first quarter valued at about $111,222,000. Capital World Investors lifted its position in shares of Brookfield by 5.1% during the first quarter. Capital World Investors now owns 51,922,031 shares of the company’s stock worth $2,173,923,000 after acquiring an additional 2,497,509 shares in the last quarter. Wulff Hansen & CO. grew its holdings in Brookfield by 4,054.0% during the 2nd quarter. Wulff Hansen & CO. now owns 1,542,505 shares of the company’s stock valued at $64,076,000 after buying an additional 1,505,372 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Brookfield by 1.9% in the first quarter. Vanguard Group Inc. now owns 57,480,308 shares of the company’s stock worth $2,406,700,000 after buying an additional 1,063,110 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BN shares. JPMorgan Chase & Co. lifted their price objective on Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. BMO Capital Markets boosted their price objective on shares of Brookfield from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. TD Securities lifted their price target on shares of Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a report on Monday, August 12th. Keefe, Bruyette & Woods increased their target price 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, Scotiabank upped their price objective on shares of Brookfield from $51.25 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $53.31.

Brookfield Stock Performance

Shares of BN stock opened at $57.82 on Friday. The company has a 50 day moving average price of $53.26 and a 200-day moving average price of $47.54. The firm has a market capitalization of $95.21 billion, a PE ratio of 99.69 and a beta of 1.53. 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 Co. has a 52 week low of $33.61 and a 52 week high of $60.20.

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.