36,400 Shares in Brookfield Co. (NYSE:BN) Bought by Bridges Investment Management Inc.

Bridges Investment Management Inc. purchased a new stake in Brookfield Co. (NYSE:BN) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 36,400 shares of the company’s stock, valued at approximately $1,512,000.

Other hedge funds also recently bought and sold shares of the company. Fortis Group Advisors LLC grew its stake in shares of Brookfield by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 674 shares of the company’s stock worth $27,000 after purchasing an additional 337 shares in the last quarter. Blue Trust Inc. boosted 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 acquiring an additional 272 shares in the last quarter. Kings Path Partners LLC purchased a new position in shares of Brookfield in the 2nd quarter valued at about $31,000. Family Firm Inc. acquired a new stake in shares of Brookfield during the 2nd quarter worth about $36,000. Finally, Salem Investment Counselors Inc. purchased a new stake in Brookfield during the first quarter worth approximately $42,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on BN. JPMorgan Chase & Co. increased their price target on shares of Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Royal Bank of Canada dropped their target price on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. BMO Capital Markets boosted their price target on shares of Brookfield from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. 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 report on Friday, August 9th. Finally, TD Securities boosted their target price on Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Brookfield presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.59.

Brookfield Stock Down 0.0 %

BN opened at $52.18 on Friday. Brookfield Co. has a 52 week low of $28.84 and a 52 week high of $52.48. The business has a 50 day moving average price of $47.34 and a two-hundred day moving average price of $43.78. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 1.39. The company has a market cap of $85.77 billion, a PE ratio of 85.54 and a beta of 1.53.

Brookfield (NYSE:BN) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $0.78 by $0.57. Brookfield had a return on equity of 3.67% and a net margin of 1.13%. The business had revenue of $23.05 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. As a group, research analysts anticipate that Brookfield Co. will post 3.84 EPS for the current year.

Brookfield Announces Dividend

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 $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Thursday, September 12th. Brookfield’s dividend payout ratio (DPR) 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.