Creative Planning Purchases 23,269 Shares of Brookfield Co. (NYSE:BN)

Creative Planning increased its position in shares of Brookfield Co. (NYSE:BN) by 7.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 349,696 shares of the company’s stock after buying an additional 23,269 shares during the period. Creative Planning’s holdings in Brookfield were worth $18,586,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Brookfield by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 57,480,308 shares of the company’s stock valued at $2,406,700,000 after acquiring an additional 1,063,110 shares in the last quarter. Capital World Investors lifted its holdings in Brookfield by 5.1% during the 1st quarter. Capital World Investors now owns 51,922,031 shares of the company’s stock valued at $2,173,923,000 after purchasing an additional 2,497,509 shares during the last quarter. 1832 Asset Management L.P. raised its stake in shares of Brookfield by 1.3% in the first quarter. 1832 Asset Management L.P. now owns 22,605,567 shares of the company’s stock worth $946,495,000 after acquiring an additional 299,029 shares during the last quarter. Cooke & Bieler LP raised its stake in shares of Brookfield by 5.0% in the second quarter. Cooke & Bieler LP now owns 5,698,773 shares of the company’s stock worth $236,727,000 after acquiring an additional 269,813 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Brookfield by 3.7% in the first quarter. Bessemer Group Inc. now owns 3,215,411 shares of the company’s stock worth $134,629,000 after acquiring an additional 113,241 shares during the last quarter. 61.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. 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. Royal Bank of Canada dropped their price target on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Keefe, Bruyette & Woods boosted their price target on shares of Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a research note on Friday, August 9th. BMO Capital Markets boosted their price target on shares of Brookfield from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Finally, Scotiabank boosted their price target on shares of Brookfield from $50.50 to $51.25 and gave the stock a “sector outperform” rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.59.

Brookfield Stock Down 1.8 %

Shares of NYSE BN opened at $55.40 on Tuesday. The stock has a market cap of $91.06 billion, a P/E ratio of 90.80 and a beta of 1.54. The firm has a 50 day moving average price of $50.34 and a 200 day moving average price of $45.56. 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 Co. has a 52-week low of $28.84 and a 52-week high of $56.83.

Brookfield (NYSE:BN) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.57. The firm 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%. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.75 earnings per share. Analysts expect that Brookfield Co. will post 3.84 EPS for the current year.

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 12th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Thursday, September 12th. Brookfield’s dividend payout ratio (DPR) is presently 52.46%.

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.