Golden State Equity Partners Sells 5,219 Shares of Brookfield Co. (NYSE:BN)

Golden State Equity Partners lessened its position in Brookfield Co. (NYSE:BN) by 50.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,051 shares of the company’s stock after selling 5,219 shares during the quarter. Golden State Equity Partners’ holdings in Brookfield were worth $268,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in shares of Brookfield by 62.8% during the 2nd quarter. Blue Trust Inc. now owns 705 shares of the company’s stock worth $30,000 after buying an additional 272 shares during the last quarter. Kings Path Partners LLC bought a new position in Brookfield in the second quarter valued at approximately $31,000. Family Firm Inc. acquired a new position in shares of Brookfield during the 2nd quarter worth approximately $36,000. Nisa Investment Advisors LLC raised its stake in shares of Brookfield by 63.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company’s stock worth $48,000 after purchasing an additional 450 shares in the last quarter. Finally, Pittenger & Anderson Inc. grew its stake in shares of Brookfield by 100.3% in the first quarter. Pittenger & Anderson Inc. now owns 1,238 shares of the company’s stock valued at $52,000 after buying an additional 620 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on BN shares. Scotiabank increased their price target on shares of Brookfield from $51.25 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday. Royal Bank of Canada reduced their price target on Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a report on Friday, August 9th. BMO Capital Markets upped 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. Keefe, Bruyette & Woods lifted their target price on Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a research note on Friday, August 9th. Finally, TD Securities increased their price target on Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.31.

Brookfield Stock Down 1.9 %

NYSE BN opened at $53.02 on Friday. The business has a fifty day moving average price of $51.74 and a two-hundred day moving average price of $46.36. The stock has a market capitalization of $87.29 billion, a PE ratio of 91.41 and a beta of 1.54. Brookfield Co. has a fifty-two week low of $28.84 and a fifty-two week high of $56.83. 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 released its quarterly earnings data on Thursday, August 8th. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.57. The business had revenue of $23.05 billion for the quarter, compared to analyst estimates of $1.24 billion. Brookfield had a return on equity of 3.67% and a net margin of 1.13%. Brookfield’s revenue was down 2.6% compared to the same quarter last year. During the same period last year, the firm posted $0.75 earnings per share. Equities analysts expect that Brookfield Co. will post 3.84 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 12th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Thursday, September 12th. Brookfield’s payout ratio is 55.17%.

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.