Squarepoint Ops LLC Has $653,000 Position in Brookfield Co. (NYSE:BN)

Squarepoint Ops LLC cut its position in shares of Brookfield Co. (NYSE:BN) by 8.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,727 shares of the company’s stock after selling 1,428 shares during the quarter. Squarepoint Ops LLC’s holdings in Brookfield were worth $653,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nicholas Hoffman & Company LLC. raised its holdings in shares of Brookfield by 3.9% in the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 6,781 shares of the company’s stock valued at $282,000 after purchasing an additional 257 shares during the period. Blue Trust Inc. raised its stake in Brookfield by 62.8% in 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 holdings in 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 purchasing an additional 283 shares during the last quarter. Rosenberg Matthew Hamilton increased its holdings in shares of 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 during the last quarter. Finally, Pembroke Management LTD raised its position in shares of Brookfield by 4.4% in the first quarter. Pembroke Management LTD now owns 7,339 shares of the company’s stock valued at $307,000 after purchasing an additional 310 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on BN shares. Royal Bank of Canada lowered their price target 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. TD Securities raised their price objective on Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Keefe, Bruyette & Woods upped 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. BMO Capital Markets raised their target price on shares of Brookfield from $48.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $51.59.

Brookfield Price Performance

Shares of BN opened at $52.40 on Wednesday. The business has a 50-day moving average of $48.92 and a 200-day moving average of $44.83. Brookfield Co. has a 1 year low of $28.84 and a 1 year high of $54.29. The company has a market capitalization of $86.13 billion, a price-to-earnings ratio of 85.90 and a beta of 1.54. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.03.

Brookfield (NYSE:BN) last posted its quarterly earnings data 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. The company had revenue of $23.05 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Brookfield had a net margin of 1.13% and a return on equity of 3.67%. Brookfield’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 earnings per share. As a group, equities research analysts anticipate that Brookfield Co. will post 3.84 earnings per share for the current year.

Brookfield Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.32 annualized dividend and a yield of 0.61%. Brookfield’s dividend payout ratio is currently 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.