Brookfield Co. (NYSE:BN) is Eldred Rock Partners LLC’s 2nd Largest Position

Eldred Rock Partners LLC boosted its holdings in shares of Brookfield Co. (NYSE:BN) by 4.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 269,674 shares of the company’s stock after purchasing an additional 10,901 shares during the quarter. Brookfield makes up 4.8% of Eldred Rock Partners LLC’s holdings, making the stock its 2nd largest position. Eldred Rock Partners LLC’s holdings in Brookfield were worth $14,333,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Connectus Wealth LLC lifted its position in Brookfield by 1,049.1% during the fourth quarter. Connectus Wealth LLC now owns 610,911 shares of the company’s stock worth $25,000 after buying an additional 557,749 shares in the last quarter. Fortis Group Advisors LLC grew its holdings in shares of Brookfield by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 674 shares of the company’s stock valued at $27,000 after purchasing an additional 337 shares during the period. Blue Trust Inc. increased its position in Brookfield by 62.8% during the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock worth $30,000 after purchasing an additional 272 shares during the last quarter. Kings Path Partners LLC acquired a new stake in shares of Brookfield during the 2nd quarter worth approximately $31,000. Finally, Family Firm Inc. purchased a new stake in shares of Brookfield during the 2nd quarter valued at approximately $36,000. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Trading Up 1.0 %

Shares of NYSE BN traded up $0.51 on Friday, reaching $53.10. 855,131 shares of the company traded hands, compared to its average volume of 2,990,975. The stock has a market capitalization of $87.28 billion, a PE ratio of 87.05 and a beta of 1.54. Brookfield Co. has a fifty-two week low of $28.84 and a fifty-two week high of $54.29. 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 has a 50 day moving average of $48.73 and a 200 day moving average of $44.64.

Brookfield (NYSE:BN) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.57. The company had revenue of $23.05 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Brookfield had a return on equity of 3.67% and a net margin of 1.13%. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share. On average, equities research analysts forecast 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 was paid on Friday, September 27th. Investors of record on Thursday, September 12th were paid 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 presently 52.46%.

Wall Street Analyst Weigh In

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

Brookfield 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.