Legacy Financial Advisors Inc. Purchases 1,911 Shares of Brookfield Co. (NYSE:BN)

Legacy Financial Advisors Inc. grew its position in Brookfield Co. (NYSE:BN) by 23.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,200 shares of the company’s stock after purchasing an additional 1,911 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Brookfield were worth $424,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of BN. Nicholas Hoffman & Company LLC. increased its holdings in Brookfield by 3.9% in the second quarter. Nicholas Hoffman & Company LLC. now owns 6,781 shares of the company’s stock worth $282,000 after purchasing an additional 257 shares in the last quarter. Blue Trust Inc. lifted 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 valued at $30,000 after acquiring an additional 272 shares during the period. Mckinley Capital Management LLC lifted its position in shares of Brookfield by 0.9% during the 1st quarter. Mckinley Capital Management LLC now owns 32,649 shares of the company’s stock valued at $1,367,000 after acquiring an additional 283 shares during the period. Checchi Capital Advisers LLC grew its holdings in Brookfield by 4.5% in the first quarter. Checchi Capital Advisers LLC now owns 6,622 shares of the company’s stock worth $277,000 after purchasing an additional 288 shares during the period. Finally, Rosenberg Matthew Hamilton increased its stake in Brookfield by 20.6% in the second quarter. Rosenberg Matthew Hamilton now owns 1,734 shares of the company’s stock valued at $71,000 after purchasing an additional 296 shares in the last quarter. 61.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. increased their price target on Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Royal Bank of Canada decreased 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 increased their target price on Brookfield from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, Scotiabank boosted their price target on shares of Brookfield from $50.50 to $51.25 and gave the company a “sector outperform” rating in a research note 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $51.59.

Brookfield Trading Down 0.0 %

Shares of Brookfield stock opened at $52.18 on Friday. The company has a market capitalization of $85.77 billion, a P/E ratio of 85.54 and a beta of 1.53. The stock has a fifty day simple moving average of $47.46 and a 200 day simple moving average of $43.87. Brookfield Co. has a 12-month low of $28.84 and a 12-month high of $52.48. 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 (NYSE:BN) last posted its earnings results on Thursday, August 8th. The company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.57. Brookfield had a net margin of 1.13% and a return on equity of 3.67%. The firm had revenue of $23.05 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The business’s revenue was down 2.6% compared to the same quarter last year. 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, September 12th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.32 annualized dividend and a yield of 0.61%. Brookfield’s dividend payout ratio (DPR) is 52.46%.

About Brookfield

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.