Pacer Advisors Inc. Has $514,000 Stock Holdings in Brookfield Co. (NYSE:BN)

Pacer Advisors Inc. reduced its position in Brookfield Co. (NYSE:BN) by 1.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 12,367 shares of the company’s stock after selling 245 shares during the period. Pacer Advisors Inc.’s holdings in Brookfield were worth $514,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nicholas Hoffman & Company LLC. increased its position in Brookfield by 3.9% in the second quarter. Nicholas Hoffman & Company LLC. now owns 6,781 shares of the company’s stock worth $282,000 after purchasing an additional 257 shares during the period. Blue Trust Inc. grew its position in shares of Brookfield by 62.8% during the 2nd quarter. Blue Trust Inc. now owns 705 shares of the company’s stock worth $30,000 after buying an additional 272 shares during the period. Mckinley Capital Management LLC raised its stake in shares of Brookfield by 0.9% during the first quarter. Mckinley Capital Management LLC now owns 32,649 shares of the company’s stock worth $1,367,000 after buying an additional 283 shares during the last quarter. Checchi Capital Advisers LLC lifted its holdings in Brookfield by 4.5% in the first quarter. Checchi Capital Advisers LLC now owns 6,622 shares of the company’s stock valued at $277,000 after buying an additional 288 shares during the period. Finally, Rosenberg Matthew Hamilton boosted its stake in Brookfield by 20.6% in the second quarter. Rosenberg Matthew Hamilton now owns 1,734 shares of the company’s stock valued at $71,000 after acquiring an additional 296 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Analyst Ratings Changes

BN has been the topic of a number of analyst reports. Royal Bank of Canada cut their price target on Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. BMO Capital Markets increased their target price on Brookfield from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. boosted their target price on Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. TD Securities increased their price target on shares of Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $51.59.

Brookfield Stock Performance

Shares of BN stock opened at $53.39 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.03 and a current ratio of 1.20. Brookfield Co. has a 52 week low of $28.84 and a 52 week high of $54.29. The company’s 50 day moving average price is $48.10 and its two-hundred day moving average price is $44.26. The company has a market capitalization of $87.83 billion, a P/E ratio of 87.53 and a beta of 1.53.

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

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 12th were issued a dividend of $0.08 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.60%. Brookfield’s payout ratio is presently 52.46%.

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.