Signaturefd LLC Has $295,000 Position in Brookfield Co. (NYSE:BN)

Signaturefd LLC increased its position in Brookfield Co. (NYSE:BN) by 116.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,558 shares of the company’s stock after buying an additional 2,988 shares during the period. Signaturefd LLC’s holdings in Brookfield were worth $295,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in BN. Blue Trust Inc. grew 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 purchasing an additional 272 shares in the last quarter. Kings Path Partners LLC bought a new stake in shares of Brookfield in the 2nd quarter worth approximately $31,000. Family Firm Inc. purchased a new position in Brookfield in the 2nd quarter worth approximately $36,000. Nisa Investment Advisors LLC raised its stake in Brookfield by 63.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company’s stock valued at $48,000 after buying an additional 450 shares during the last quarter. Finally, Pittenger & Anderson Inc. raised its stake in Brookfield by 100.3% during the 1st quarter. Pittenger & Anderson Inc. now owns 1,238 shares of the company’s stock valued at $52,000 after buying an additional 620 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Price Performance

Brookfield stock opened at $53.50 on Friday. The company’s 50 day simple moving average is $51.19 and its 200-day simple moving average is $46.00. The company has a market capitalization of $87.94 billion, a price-to-earnings ratio of 87.70 and a beta of 1.54. Brookfield Co. has a 1 year low of $28.84 and a 1 year high of $56.83. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.03 and a current ratio of 1.20.

Brookfield (NYSE:BN) last announced its earnings results on Thursday, August 8th. The company reported $1.35 earnings per share 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 for the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the firm earned $0.75 EPS. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. As a group, equities research analysts expect that Brookfield Co. will post 3.84 earnings per share for the current year.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 12th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Thursday, September 12th. Brookfield’s dividend payout ratio is presently 52.46%.

Wall Street Analysts Forecast Growth

BN has been the subject of several analyst reports. BMO Capital Markets upped their price objective on Brookfield from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. TD Securities increased their price objective on shares of Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Royal Bank of Canada reduced their price objective 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. Keefe, Bruyette & Woods raised their target price 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. Finally, JPMorgan Chase & Co. increased their price objective 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. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.