Blue Trust Inc. Has $30,000 Holdings in Brookfield Co. (NYSE:BN)

Blue Trust Inc. lifted its holdings in shares of Brookfield Co. (NYSE:BN) by 62.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 705 shares of the company’s stock after buying an additional 272 shares during the quarter. Blue Trust Inc.’s holdings in Brookfield were worth $30,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Mckinley Capital Management LLC increased its holdings in Brookfield by 0.9% in the first 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. Checchi Capital Advisers LLC increased its stake in shares of Brookfield by 4.5% in the 1st quarter. Checchi Capital Advisers LLC now owns 6,622 shares of the company’s stock valued at $277,000 after acquiring an additional 288 shares during the last quarter. Pembroke Management LTD raised its position in shares of Brookfield by 4.4% in the 1st quarter. Pembroke Management LTD now owns 7,339 shares of the company’s stock valued at $307,000 after acquiring an additional 310 shares during the period. M&T Bank Corp raised its position in shares of Brookfield by 3.3% in the 4th quarter. M&T Bank Corp now owns 9,942 shares of the company’s stock valued at $400,000 after acquiring an additional 314 shares during the period. Finally, Fortis Group Advisors LLC boosted its stake in Brookfield by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 674 shares of the company’s stock worth $27,000 after acquiring an additional 337 shares during the last quarter. 61.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BN has been the subject of several recent analyst reports. TD Securities upped their target price on shares of Brookfield from $62.00 to $63.00 and gave the company 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 company a “market perform” rating in a research report on Friday, August 9th. Royal Bank of Canada reduced their target price on Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Scotiabank boosted their target price on Brookfield from $50.50 to $51.25 and gave the company a “sector outperform” rating in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. raised their price target on Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Brookfield presently has a consensus rating of “Moderate Buy” and an average target price of $48.88.

Brookfield Stock Up 4.2 %

BN stock opened at $49.11 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 1.02. The stock has a market capitalization of $80.72 billion, a P/E ratio of 80.51 and a beta of 1.52. Brookfield Co. has a fifty-two week low of $28.84 and a fifty-two week high of $49.44. The business has a 50-day moving average of $44.68 and a 200-day moving average of $42.66.

Brookfield (NYSE:BN) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.57. Brookfield had a return on equity of 3.15% and a net margin of 1.16%. The firm had revenue of $23.05 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the firm posted $0.75 EPS. The business’s revenue was down 2.6% on a year-over-year basis. On average, sell-side analysts anticipate that Brookfield Co. will post 3.35 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, September 12th will be paid a $0.08 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.32 annualized dividend and a yield of 0.65%. Brookfield’s payout ratio is currently 52.46%.

Insiders Place Their Bets

In other news, Director Ocm Growth Holdings Llc sold 400,000 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $11.90, for a total transaction of $4,760,000.00. Following the completion of the transaction, the director now directly owns 10,779,668 shares in the company, valued at approximately $128,278,049.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 11.00% of the company’s stock.

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.