Signaturefd LLC Boosts Holdings in Brookfield Co. (NYSE:BN)

Signaturefd LLC grew its position in shares of Brookfield Co. (NYSE:BN) by 116.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,558 shares of the company’s stock after purchasing an additional 2,988 shares during the period. Signaturefd LLC’s holdings in Brookfield were worth $295,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Sequoia Financial Advisors LLC grew its position in shares of Brookfield by 4,149.3% during the third quarter. Sequoia Financial Advisors LLC now owns 776,346 shares of the company’s stock worth $41,263,000 after acquiring an additional 758,076 shares during the last quarter. Graybill Wealth Management LTD. lifted its stake in Brookfield by 0.6% during the third quarter. Graybill Wealth Management LTD. now owns 137,951 shares of the company’s stock valued at $7,332,000 after buying an additional 759 shares in the last quarter. Maple Capital Management Inc. purchased a new stake in shares of Brookfield in the third quarter worth approximately $280,000. Schubert & Co purchased a new stake in shares of Brookfield in the third quarter worth approximately $865,000. Finally, Blue Trust Inc. lifted its position in shares of Brookfield by 178.4% in the third quarter. Blue Trust Inc. now owns 1,963 shares of the company’s stock worth $104,000 after purchasing an additional 1,258 shares in the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on BN. Scotiabank increased their price target on Brookfield from $50.50 to $51.25 and gave the company a “sector outperform” rating in a report on Friday, August 9th. TD Securities raised their target price on Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. raised 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. Royal Bank of Canada cut their price objective on Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Finally, BMO Capital Markets lifted their price objective on Brookfield from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $51.59.

Brookfield Trading Down 1.4 %

Shares of Brookfield stock opened at $53.50 on Friday. The stock has a fifty day simple moving average of $51.19 and a 200 day simple moving average of $46.00. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 1.39. Brookfield Co. has a 12-month low of $28.84 and a 12-month high of $56.83. The company has a market capitalization of $87.94 billion, a P/E ratio of 87.70 and a beta of 1.54.

Brookfield (NYSE:BN) last released 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. The company had revenue of $23.05 billion for the quarter, compared to analyst estimates of $1.24 billion. Brookfield had a return on equity of 3.67% and a net margin of 1.13%. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 EPS. On average, sell-side analysts anticipate that Brookfield Co. will post 3.84 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

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