Brookfield Co. (NYSE:BN) Position Increased by Wellington Management Group LLP

Wellington Management Group LLP raised its holdings in shares of Brookfield Co. (NYSE:BN) by 2.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,170,931 shares of the company’s stock after buying an additional 30,566 shares during the period. Wellington Management Group LLP owned about 0.07% of Brookfield worth $62,240,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Nicholas Hoffman & Company LLC. boosted its holdings in Brookfield by 3.9% during the second quarter. Nicholas Hoffman & Company LLC. now owns 6,781 shares of the company’s stock worth $282,000 after buying an additional 257 shares in the last quarter. Blue Trust Inc. boosted its holdings in Brookfield by 62.8% during the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock worth $30,000 after buying an additional 272 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in Brookfield by 2.9% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company’s stock worth $551,000 after purchasing an additional 292 shares during the period. Rosenberg Matthew Hamilton boosted its stake in Brookfield by 20.6% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 1,734 shares of the company’s stock worth $71,000 after purchasing an additional 296 shares during the period. Finally, Caprock Group LLC boosted its stake in Brookfield by 2.5% in the 3rd quarter. Caprock Group LLC now owns 12,332 shares of the company’s stock worth $655,000 after purchasing an additional 300 shares during the period. 61.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BN has been the subject of a number of recent analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Scotiabank raised their price objective on shares of Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Brookfield has an average rating of “Moderate Buy” and a consensus price target of $55.31.

Brookfield Stock Up 0.0 %

BN stock opened at $59.16 on Wednesday. Brookfield Co. has a 12-month low of $35.66 and a 12-month high of $62.44. 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 $97.42 billion, a price-to-earnings ratio of 125.87 and a beta of 1.55. The company has a 50 day moving average of $56.35 and a two-hundred day moving average of $49.59.

Brookfield Announces Dividend

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 $0.08 dividend. 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 0.54%. Brookfield’s payout ratio is 68.09%.

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.