Cambridge Investment Research Advisors Inc. Purchases 4,514 Shares of Brookfield Co. (NYSE:BN)

Cambridge Investment Research Advisors Inc. increased its holdings in Brookfield Co. (NYSE:BN) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,005 shares of the company’s stock after purchasing an additional 4,514 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Brookfield were worth $5,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Atomi Financial Group Inc. increased its stake in shares of Brookfield by 28.1% during the second quarter. Atomi Financial Group Inc. now owns 9,119 shares of the company’s stock valued at $379,000 after buying an additional 2,000 shares during the period. Callan Family Office LLC bought a new position in Brookfield in the 2nd quarter worth $446,000. First Heartland Consultants Inc. lifted its position in shares of Brookfield by 7.3% in the 2nd quarter. First Heartland Consultants Inc. now owns 9,022 shares of the company’s stock worth $375,000 after purchasing an additional 617 shares during the period. Shelter Ins Retirement Plan bought a new position in Brookfield in the second quarter worth about $2,332,000. Finally, Atlantic Union Bankshares Corp lifted its holdings in Brookfield by 496.1% in the second quarter. Atlantic Union Bankshares Corp now owns 90,140 shares of the company’s stock worth $3,744,000 after buying an additional 75,019 shares during the period. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

BN has been the topic of a number of research analyst reports. Scotiabank upped 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. TD Securities raised their price objective on Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Royal Bank of Canada reduced their target price 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. Keefe, Bruyette & Woods lifted their price target 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. Finally, JPMorgan Chase & Co. upped their price objective 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 equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Brookfield has an average rating of “Moderate Buy” and a consensus price target of $48.88.

Brookfield Stock Down 0.7 %

Shares of Brookfield stock opened at $49.46 on Thursday. The stock has a market capitalization of $81.30 billion, a PE ratio of 81.08 and a beta of 1.52. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.02 and a current ratio of 1.17. The company has a 50-day simple moving average of $45.18 and a two-hundred day simple moving average of $42.88. Brookfield Co. has a 52-week low of $28.84 and a 52-week high of $50.17.

Brookfield (NYSE:BN) last issued its earnings results on Thursday, August 8th. The company reported $1.35 EPS for the quarter, beating the consensus estimate of $0.78 by $0.57. Brookfield had a return on equity of 3.15% and a net margin of 1.16%. The business had revenue of $23.05 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period last year, the business posted $0.75 EPS. The company’s revenue was down 2.6% compared to the same quarter last year. On average, analysts anticipate that Brookfield Co. will post 3.35 EPS for the current fiscal year.

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, September 12th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Thursday, September 12th. Brookfield’s dividend payout ratio (DPR) is presently 52.46%.

Insider Buying and Selling

In other news, Director Ocm Growth Holdings Llc sold 400,000 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $11.90, for a total value of $4,760,000.00. Following the transaction, the director now owns 10,779,668 shares in the company, valued at approximately $128,278,049.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.00% of the stock is currently owned by corporate insiders.

Brookfield Company 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.