Brookfield (NYSE:BN) Given New $41.00 Price Target at CSFB

Brookfield (NYSE:BN) had its price objective lowered by CSFB from $42.00 to $41.00 in a research report report published on Thursday, BayStreet.CA reports. CSFB currently has an outperform rating on the stock.

A number of other brokerages have also recently issued reports on BN. Canaccord Genuity Group cut shares of Brookfield from a buy rating to a hold rating in a research report on Friday, August 11th. TD Securities increased their price objective on shares of Brookfield from $60.00 to $61.00 and gave the stock an action list buy rating in a report on Monday, August 14th. Royal Bank of Canada decreased their price objective on shares of Brookfield from $52.00 to $50.00 and set an outperform rating on the stock in a report on Monday, August 14th. Credit Suisse Group decreased their price objective on shares of Brookfield from $42.00 to $41.00 and set an outperform rating on the stock in a report on Thursday. Finally, Keefe, Bruyette & Woods lowered shares of Brookfield from an outperform rating to a market perform rating in a report on Friday, May 12th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $48.00.

Brookfield Trading Up 0.0 %

Shares of Brookfield stock opened at $34.11 on Thursday. The stock has a market capitalization of $55.87 billion, a P/E 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 company has a 50-day simple moving average of $33.56 and a 200 day simple moving average of $32.51. Brookfield has a 12-month low of $28.25 and a 12-month high of $51.45.

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.82%. The ex-dividend date is Wednesday, August 30th. Brookfield’s payout ratio is 311.11%.

Insider Buying and Selling

In related news, major shareholder Opps Eb Holdings Ltd. Ocm sold 3,781,561 shares of Brookfield stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $58.00, for a total transaction of $219,330,538.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.00% of the stock is owned by insiders.

Institutional Trading of Brookfield

Hedge funds have recently bought and sold shares of the stock. First Horizon Advisors Inc. acquired a new stake in Brookfield during the 4th quarter worth approximately $26,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Brookfield during the 4th quarter worth approximately $28,000. Banque Cantonale Vaudoise acquired a new stake in Brookfield during the 4th quarter worth approximately $28,000. Money Concepts Capital Corp acquired a new stake in Brookfield during the 4th quarter worth approximately $34,000. Finally, GPS Wealth Strategies Group LLC acquired a new stake in shares of Brookfield in the first quarter valued at approximately $38,000. 58.22% of the stock is currently owned by institutional investors and hedge funds.

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.