Cerity Partners LLC Purchases 16,425 Shares of Brookfield Co. (NYSE:BN)

Cerity Partners LLC increased its holdings in shares of Brookfield Co. (NYSE:BN) by 20.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,719 shares of the company’s stock after acquiring an additional 16,425 shares during the period. Cerity Partners LLC’s holdings in Brookfield were worth $5,194,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BN. Blue Trust Inc. grew its holdings in shares of Brookfield by 62.8% during the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock worth $30,000 after purchasing an additional 272 shares during the last quarter. Kings Path Partners LLC acquired a new stake in Brookfield in the 2nd quarter valued at about $31,000. First Personal Financial Services bought a new position in shares of Brookfield in the third quarter worth about $42,000. Family Firm Inc. acquired a new position in shares of Brookfield during the second quarter worth approximately $36,000. Finally, Nisa Investment Advisors LLC grew its stake in shares of Brookfield by 63.5% during the second quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company’s stock valued at $48,000 after purchasing an additional 450 shares during the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Trading Up 2.1 %

BN opened at $61.37 on Friday. Brookfield Co. has a twelve month low of $33.72 and a twelve month high of $61.63. The firm has a market cap of $101.06 billion, a PE ratio of 130.57 and a beta of 1.53. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17. The firm’s fifty day moving average is $54.97 and its two-hundred day moving average is $48.55.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid 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 0.52%. Brookfield’s payout ratio is 68.09%.

Analysts Set New Price Targets

Several research analysts have issued reports on BN shares. Royal Bank of Canada reduced their price objective on Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Scotiabank lifted 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, November 15th. Keefe, Bruyette & Woods upped their target price on shares of Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a research report on Friday, August 9th. TD Securities lifted their price target on shares of Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $62.00 price objective (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Brookfield has a consensus rating of “Moderate Buy” and an average price target of $55.31.

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.