Vanguard Personalized Indexing Management LLC Grows Stock Position in Brookfield Co. (NYSE:BN)

Vanguard Personalized Indexing Management LLC increased its stake in Brookfield Co. (NYSE:BN) by 20.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,599 shares of the company’s stock after acquiring an additional 6,394 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Brookfield were worth $1,562,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blacksheep Fund Management Ltd bought a new stake in Brookfield in the fourth quarter valued at approximately $101,800,000. American National Bank & Trust Co. VA bought a new stake in Brookfield in the 1st quarter worth $5,716,000. M&G Plc bought a new stake in Brookfield in the 1st quarter worth $111,222,000. Cetera Investment Advisers increased its position in shares of Brookfield by 1,022.6% in the first quarter. Cetera Investment Advisers now owns 272,807 shares of the company’s stock valued at $11,427,000 after acquiring an additional 248,506 shares during the period. Finally, Gold Investment Management Ltd. bought a new position in shares of Brookfield during the fourth quarter valued at about $4,473,000. 61.60% of the stock is currently owned by institutional investors.

Brookfield Stock Performance

Shares of BN stock opened at $52.18 on Friday. 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 company’s fifty day moving average price is $47.46 and its 200-day moving average price is $43.86. The stock has a market cap of $85.77 billion, a PE ratio of 85.54 and a beta of 1.53. Brookfield Co. has a 12 month low of $28.84 and a 12 month high of $52.48.

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

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, September 12th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Thursday, September 12th. Brookfield’s dividend payout ratio (DPR) is presently 52.46%.

Wall Street Analyst Weigh In

BN has been the topic of several recent analyst reports. Keefe, Bruyette & Woods raised their target price on Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a research note on Friday, August 9th. 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. Royal Bank of Canada dropped their price target on Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. TD Securities boosted their price objective on shares of Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, BMO Capital Markets upped their price objective on shares of Brookfield from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $51.59.

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.