Susquehanna Fundamental Investments LLC Grows Position in Brookfield Co. (NYSE:BN)

Susquehanna Fundamental Investments LLC grew its stake in shares of Brookfield Co. (NYSE:BN) by 37.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 70,000 shares of the company’s stock after acquiring an additional 18,900 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Brookfield were worth $2,908,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Capital World Investors grew its holdings in shares of Brookfield by 102.2% in the 4th quarter. Capital World Investors now owns 49,424,522 shares of the company’s stock worth $1,982,903,000 after acquiring an additional 24,975,364 shares during the period. SG Americas Securities LLC purchased a new stake in Brookfield during the second quarter worth $128,321,000. M&G Plc acquired a new stake in Brookfield in the first quarter valued at $111,222,000. Wulff Hansen & CO. increased its position in shares of Brookfield by 4,054.0% in the second quarter. Wulff Hansen & CO. now owns 1,542,505 shares of the company’s stock valued at $64,076,000 after buying an additional 1,505,372 shares in the last quarter. Finally, Confluence Investment Management LLC acquired a new position in shares of Brookfield during the 1st quarter worth $55,166,000. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BN. Royal Bank of Canada lowered their price objective on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Scotiabank raised their price objective on shares of Brookfield from $50.50 to $51.25 and gave the stock a “sector outperform” rating in a research note on Friday, August 9th. Keefe, Bruyette & Woods upped their target price on Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a research note on Friday, August 9th. BMO Capital Markets raised their price target on Brookfield from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. upped their price objective on Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research report 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $51.59.

Brookfield Trading Down 0.4 %

Shares of Brookfield stock opened at $53.16 on Tuesday. The firm has a market cap of $87.38 billion, a PE ratio of 87.15 and a beta of 1.53. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 1.39. Brookfield Co. has a fifty-two week low of $28.84 and a fifty-two week high of $54.29. The business’s fifty day moving average is $48.23 and its two-hundred day moving average is $44.36.

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

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 12th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.60%. The ex-dividend date was Thursday, September 12th. Brookfield’s dividend payout ratio (DPR) 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.