Mercer Global Advisors Inc. ADV Purchases 5,248 Shares of Brookfield Co. (NYSE:BN)

Mercer Global Advisors Inc. ADV lifted its position in shares of Brookfield Co. (NYSE:BN) by 21.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,577 shares of the company’s stock after acquiring an additional 5,248 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Brookfield were worth $1,229,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in BN. Capital World Investors increased its position in shares of Brookfield by 102.2% during the fourth quarter. Capital World Investors now owns 49,424,522 shares of the company’s stock valued at $1,982,903,000 after acquiring an additional 24,975,364 shares in the last quarter. TD Asset Management Inc increased its position in shares of Brookfield by 16.2% during the fourth quarter. TD Asset Management Inc now owns 26,542,983 shares of the company’s stock valued at $1,069,892,000 after acquiring an additional 3,702,266 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Brookfield during the second quarter valued at approximately $128,321,000. M&G Plc bought a new stake in shares of Brookfield during the first quarter valued at approximately $111,222,000. Finally, Blacksheep Fund Management Ltd bought a new stake in shares of Brookfield during the fourth quarter valued at approximately $101,800,000. Institutional investors own 61.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BN shares. BMO Capital Markets raised their price target on shares of Brookfield from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. TD Securities boosted their target price on shares of Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Royal Bank of Canada decreased their target price on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Keefe, Bruyette & Woods boosted their target price on shares of Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.59.

Brookfield Trading Up 0.5 %

Shares of BN stock opened at $52.80 on Wednesday. Brookfield Co. has a 1 year low of $28.84 and a 1 year high of $53.20. The firm has a fifty day moving average price of $47.70 and a 200-day moving average price of $44.04. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.03. The company has a market cap of $86.78 billion, a price-to-earnings ratio of 86.56 and a beta of 1.53.

Brookfield (NYSE:BN) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.57. Brookfield had a net margin of 1.13% and a return on equity of 3.67%. The firm had revenue of $23.05 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, equities analysts predict that Brookfield Co. will post 3.84 earnings per share for the current year.

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, September 12th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Thursday, September 12th. Brookfield’s payout ratio is 52.46%.

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.