PEAK6 Investments LLC Boosts Stake in Brookfield Co. (NYSE:BN)

PEAK6 Investments LLC grew its holdings in Brookfield Co. (NYSE:BN) by 181.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,971 shares of the company’s stock after buying an additional 9,001 shares during the period. PEAK6 Investments LLC’s holdings in Brookfield were worth $743,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in BN. SG Americas Securities LLC purchased a new stake in shares of Brookfield in the 2nd quarter worth approximately $128,321,000. The Manufacturers Life Insurance Company grew its position in Brookfield by 31.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock worth $623,783,000 after purchasing an additional 2,818,716 shares during the last quarter. Wulff Hansen & CO. increased its position in shares of Brookfield by 4,054.0% in the 2nd quarter. Wulff Hansen & CO. now owns 1,542,505 shares of the company’s stock valued at $64,076,000 after acquiring an additional 1,505,372 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Brookfield by 4,149.3% in the third quarter. Sequoia Financial Advisors LLC now owns 776,346 shares of the company’s stock worth $41,263,000 after purchasing an additional 758,076 shares during the last quarter. Finally, Glazer Capital LLC purchased a new position in Brookfield during the 2nd quarter worth approximately $30,740,000. 61.60% of the stock is owned by institutional investors.

Brookfield Stock Down 0.8 %

Shares of NYSE:BN opened at $61.03 on Wednesday. The firm’s 50-day simple moving average is $55.52 and its 200-day simple moving average is $48.94. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. The company has a market cap of $100.50 billion, a price-to-earnings ratio of 129.85 and a beta of 1.55. Brookfield Co. has a fifty-two week low of $35.44 and a fifty-two week high of $62.44.

Brookfield Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 0.52%. Brookfield’s payout ratio is currently 68.09%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 price target (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. Royal Bank of Canada lowered their price target on Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Keefe, Bruyette & Woods increased their price objective on shares of Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a report on Friday, August 9th. TD Securities raised their target price on Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, Scotiabank lifted their price target on shares of Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.