Wolverine Asset Management LLC Sells 701,100 Shares of Brookfield Co. (NYSE:BN)

Wolverine Asset Management LLC trimmed its position in Brookfield Co. (NYSE:BN) by 98.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 8,995 shares of the company’s stock after selling 701,100 shares during the period. Wolverine Asset Management LLC’s holdings in Brookfield were worth $478,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC grew its holdings in shares of Brookfield by 8.0% in the third quarter. Ashton Thomas Securities LLC now owns 90,304 shares of the company’s stock valued at $4,802,000 after acquiring an additional 6,657 shares in the last quarter. Asset Management Advisors LLC boosted its position in Brookfield by 31.8% in the third quarter. Asset Management Advisors LLC now owns 222,475 shares of the company’s stock worth $11,825,000 after purchasing an additional 53,715 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in Brookfield by 11.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 54,059 shares of the company’s stock valued at $2,873,000 after purchasing an additional 5,392 shares during the period. Axxcess Wealth Management LLC increased its position in shares of Brookfield by 60.8% during the 3rd quarter. Axxcess Wealth Management LLC now owns 9,429 shares of the company’s stock valued at $501,000 after purchasing an additional 3,564 shares during the last quarter. Finally, Legacy Capital Wealth Partners LLC raised its stake in shares of Brookfield by 72.0% during the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 13,682 shares of the company’s stock worth $727,000 after purchasing an additional 5,727 shares during the period. 61.60% of the stock is owned by institutional investors.

Brookfield Stock Down 0.5 %

BN stock opened at $57.62 on Thursday. The stock has a 50-day simple moving average of $53.05 and a two-hundred day simple moving average of $47.47. Brookfield Co. has a twelve month low of $33.09 and a twelve month high of $59.23. The firm has a market capitalization of $94.88 billion, a PE ratio of 99.35 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.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BN. TD Securities raised their price objective on shares of Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Royal Bank of Canada lowered their price target 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 raised 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. BMO Capital Markets boosted their target price on Brookfield from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Finally, JPMorgan Chase & Co. increased their price target on Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and six have issued 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 price target of $53.31.

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.