ExodusPoint Capital Management LP lowered its stake in shares of Brookfield Co. (NYSE:BN – Free Report) by 47.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,599 shares of the company’s stock after selling 57,805 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Brookfield were worth $2,105,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Bamco Inc. NY purchased a new stake in shares of Brookfield during the 4th quarter worth approximately $98,329,000. Lakewood Asset Management LLC purchased a new stake in Brookfield in the 4th quarter valued at approximately $732,000. Bank of America Corp DE purchased a new stake in Brookfield in the 4th quarter valued at approximately $220,252,000. Moors & Cabot Inc. purchased a new stake in Brookfield in the 4th quarter valued at approximately $446,000. Finally, Russell Investments Group Ltd. purchased a new stake in Brookfield in the 4th quarter valued at approximately $21,660,000. Institutional investors and hedge funds own 58.22% of the company’s stock.
Brookfield Trading Up 0.0 %
BN stock opened at $34.11 on Friday. The company has a market cap of $55.87 billion, a price-to-earnings ratio of 379.00 and a beta of 1.42. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 1.36. The business has a fifty day simple moving average of $33.56 and a 200-day simple moving average of $32.51. Brookfield Co. has a 52 week low of $28.25 and a 52 week high of $51.45.
Brookfield Announces Dividend
Analysts Set New Price Targets
BN has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lowered Brookfield from an “outperform” rating to a “market perform” rating in a research note on Friday, May 12th. Royal Bank of Canada reduced their target price on Brookfield from $52.00 to $50.00 and set an “outperform” rating on the stock in a research note on Monday, August 14th. Credit Suisse Group cut their price target on Brookfield from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Thursday. CSFB cut their price target on Brookfield from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Canaccord Genuity Group downgraded Brookfield from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $48.00.
Insider Transactions at Brookfield
In other news, major shareholder Opps Eb Holdings Ltd. Ocm sold 3,781,561 shares of the company’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $58.00, for a total transaction of $219,330,538.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 11.00% of the company’s stock.
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.
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