Thompson Siegel & Walmsley LLC Has $1.27 Million Stock Holdings in Brookfield Co. (NYSE:BN)

Thompson Siegel & Walmsley LLC reduced its stake in shares of Brookfield Co. (NYSE:BN) by 8.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,656 shares of the company’s stock after selling 2,719 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Brookfield were worth $1,273,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of BN. Capital World Investors raised its position in Brookfield by 102.2% during the fourth quarter. Capital World Investors now owns 49,424,522 shares of the company’s stock valued at $1,982,903,000 after purchasing an additional 24,975,364 shares in the last quarter. Norges Bank bought a new position in shares of Brookfield in the 4th quarter valued at $614,104,000. TD Asset Management Inc raised its holdings in shares of Brookfield by 16.2% during the 4th quarter. TD Asset Management Inc now owns 26,542,983 shares of the company’s stock worth $1,069,892,000 after buying an additional 3,702,266 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Brookfield during the 2nd quarter worth $128,321,000. Finally, M&G Plc bought a new position in Brookfield in the first quarter valued at about $111,222,000. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Performance

Shares of Brookfield stock opened at $50.41 on Tuesday. Brookfield Co. has a 52 week low of $28.84 and a 52 week high of $50.46. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 1.39. The business has a 50 day moving average price of $46.93 and a 200-day moving average price of $43.62. The company has a market cap of $82.86 billion, a PE ratio of 82.64 and a beta of 1.53.

Brookfield (NYSE:BN) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.57. The business had revenue of $23.05 billion during 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 quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 EPS. Equities analysts anticipate that Brookfield Co. will post 3.84 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, September 12th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Thursday, September 12th. Brookfield’s dividend payout ratio (DPR) is presently 52.46%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada reduced their price target on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Scotiabank boosted their target price 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. Keefe, Bruyette & Woods increased their price target on Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a research note on Friday, August 9th. TD Securities boosted their price objective on Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, BMO Capital Markets increased their target price on Brookfield from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Brookfield presently has an average rating of “Moderate Buy” and a consensus price target of $51.59.

About Brookfield

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.