Toronto Dominion Bank Has $364.15 Million Holdings in Brookfield Co. (NYSE:BN)

Toronto Dominion Bank grew its position in Brookfield Co. (NYSE:BN) by 23.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,851,397 shares of the company’s stock after purchasing an additional 1,301,072 shares during the period. Brookfield comprises about 0.6% of Toronto Dominion Bank’s portfolio, making the stock its 26th largest position. Toronto Dominion Bank owned about 0.42% of Brookfield worth $364,152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its position in Brookfield by 31.6% during the third 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 period. Wulff Hansen & CO. grew its position in Brookfield by 4,054.0% during the second 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 last quarter. Sequoia Financial Advisors LLC boosted its position in Brookfield by 4,149.3% during the third quarter. Sequoia Financial Advisors LLC now owns 776,346 shares of the company’s stock valued at $41,263,000 after buying an additional 758,076 shares during the period. Bamco Inc. NY grew its position in Brookfield by 62.6% during the 3rd quarter. Bamco Inc. NY now owns 1,949,472 shares of the company’s stock worth $103,614,000 after acquiring an additional 750,726 shares during the last quarter. Finally, Glazer Capital LLC bought a new stake in Brookfield during the 2nd quarter valued at $30,740,000. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Stock Up 0.0 %

NYSE BN opened at $59.16 on Wednesday. The stock’s 50-day moving average price is $56.35 and its 200-day moving average price is $49.59. The company has a market capitalization of $97.42 billion, a P/E ratio of 125.87 and a beta of 1.55. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. Brookfield Co. has a 52 week low of $35.66 and a 52 week high of $62.44.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Monday, December 16th. Brookfield’s dividend payout ratio is currently 68.09%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BN shares. 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 report on Friday, November 15th. BMO Capital Markets reissued an “outperform” rating and set a $62.00 price target (up previously from $50.00) on shares of Brookfield 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. According to data from MarketBeat.com, Brookfield currently has an average rating of “Moderate Buy” and an average price target of $55.31.

About Brookfield

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.