Intech Investment Management LLC Has $2.85 Million Stock Holdings in Brookfield Co. (NYSE:BN)

Intech Investment Management LLC grew its position in shares of Brookfield Co. (NYSE:BN) by 6.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,440 shares of the company’s stock after acquiring an additional 3,849 shares during the quarter. Intech Investment Management LLC’s holdings in Brookfield were worth $2,846,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Connectus Wealth LLC boosted its holdings in Brookfield by 1,049.1% during the fourth quarter. Connectus Wealth LLC now owns 610,911 shares of the company’s stock worth $25,000 after purchasing an additional 557,749 shares during the last quarter. Fortis Group Advisors LLC boosted its stake in shares of Brookfield by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 674 shares of the company’s stock worth $27,000 after buying an additional 337 shares during the last quarter. Blue Trust Inc. boosted its stake 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 last quarter. Kings Path Partners LLC bought a new position in shares of Brookfield in the 2nd quarter valued at about $31,000. Finally, Family Firm Inc. acquired a new stake in shares of Brookfield in the second quarter valued at about $36,000. 61.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

BN has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on Brookfield from $49.00 to $52.00 and gave the company 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. BMO Capital Markets boosted their target price on shares of Brookfield from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. 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 note on Monday, August 12th. Finally, Scotiabank lifted their price objective on shares of Brookfield from $50.50 to $51.25 and gave the company a “sector outperform” rating in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $51.59.

Brookfield Price Performance

NYSE:BN opened at $52.18 on Monday. The company has a market cap of $85.77 billion, a P/E ratio of 85.54 and a beta of 1.53. The firm’s fifty day moving average price is $47.46 and its two-hundred day moving average price is $43.89. Brookfield Co. has a one year low of $28.84 and a one year high of $52.48. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.03.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.57. The business had revenue of $23.05 billion for the quarter, compared to analyst estimates of $1.24 billion. Brookfield had a net margin of 1.13% and a return on equity of 3.67%. Brookfield’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 EPS. Equities analysts expect that Brookfield Co. will post 3.84 earnings per share for the current year.

Brookfield Dividend Announcement

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