Brookfield Co. (NYSE:BN) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. lifted its position in shares of Brookfield Co. (NYSE:BN) by 178.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,963 shares of the company’s stock after buying an additional 1,258 shares during the quarter. Blue Trust Inc.’s holdings in Brookfield were worth $104,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Kings Path Partners LLC purchased a new position in Brookfield in the second quarter valued at approximately $31,000. Family Firm Inc. bought a new position in shares of Brookfield in the 2nd quarter worth about $36,000. Nisa Investment Advisors LLC lifted its holdings in Brookfield by 63.5% in the second quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company’s stock worth $48,000 after acquiring an additional 450 shares during the last quarter. Pittenger & Anderson Inc. grew its stake in Brookfield by 100.3% during the 1st quarter. Pittenger & Anderson Inc. now owns 1,238 shares of the company’s stock worth $52,000 after buying an additional 620 shares during the last quarter. Finally, Asset Dedication LLC acquired a new stake in shares of Brookfield in the 2nd quarter worth about $56,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on BN. BMO Capital Markets lifted 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. lifted their price target on shares of Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. TD Securities raised their target price on shares of Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Keefe, Bruyette & Woods raised their price objective on Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Friday, August 9th. Finally, Scotiabank boosted their target price on Brookfield from $50.50 to $51.25 and gave the company a “sector outperform” rating in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $51.59.

Brookfield Price Performance

Shares of Brookfield stock opened at $54.69 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 1.39. The firm has a fifty day simple moving average of $51.34 and a 200-day simple moving average of $46.16. The stock has a market capitalization of $89.89 billion, a price-to-earnings ratio of 89.66 and a beta of 1.54. Brookfield Co. has a 1-year low of $28.84 and a 1-year high of $56.83.

Brookfield (NYSE:BN) last released its earnings results on Thursday, August 8th. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.57. The business had revenue of $23.05 billion during 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% on a year-over-year basis. During the same quarter last year, the company earned $0.75 earnings per share. On average, sell-side analysts expect that Brookfield Co. will post 3.84 earnings per share for the current year.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 12th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.59%. 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.