UMB Bank n.a. Has $400,000 Holdings in Brookfield Co. (NYSE:BN)

UMB Bank n.a. grew its holdings in Brookfield Co. (NYSE:BN) by 28.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,532 shares of the company’s stock after purchasing an additional 1,654 shares during the period. UMB Bank n.a.’s holdings in Brookfield were worth $400,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BN. American National Bank & Trust Co. VA bought a new position in shares of Brookfield in the first quarter valued at $5,716,000. M&G Plc bought a new position in Brookfield during the first quarter worth $111,222,000. Cetera Investment Advisers boosted its position in Brookfield by 1,022.6% during the first quarter. Cetera Investment Advisers now owns 272,807 shares of the company’s stock worth $11,427,000 after purchasing an additional 248,506 shares during the period. Perpetual Ltd bought a new position in Brookfield during the first quarter worth $1,388,000. Finally, Forsta AP Fonden boosted its position in Brookfield by 12.8% during the first quarter. Forsta AP Fonden now owns 259,800 shares of the company’s stock worth $10,882,000 after purchasing an additional 29,500 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Stock Up 1.0 %

BN opened at $53.56 on Friday. The company has a market capitalization of $88.11 billion, a P/E ratio of 92.35 and a beta of 1.54. The stock has a fifty day moving average of $49.28 and a 200-day moving average of $45.06. Brookfield Co. has a fifty-two week low of $28.84 and a fifty-two week high of $54.43. 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 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. Brookfield had a net margin of 1.13% and a return on equity of 3.67%. The business had revenue of $23.05 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the prior year, the business posted $0.75 earnings per share. Brookfield’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 year.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 12th were given 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 0.60%. Brookfield’s dividend payout ratio is 55.17%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BN shares. JPMorgan Chase & Co. lifted their price objective on shares of Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Royal Bank of Canada reduced 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. BMO Capital Markets lifted their price objective on shares of Brookfield from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Keefe, Bruyette & Woods lifted 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. Finally, Scotiabank lifted their target price on Brookfield from $50.50 to $51.25 and gave the stock a “sector outperform” rating in a report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.