Valeo Financial Advisors LLC Makes New Investment in Brookfield Co. (NYSE:BN)

Valeo Financial Advisors LLC purchased a new position in shares of Brookfield Co. (NYSE:BN) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,952 shares of the company’s stock, valued at approximately $210,000.

A number of other large investors also recently bought and sold shares of BN. Virtu Financial LLC raised its stake in Brookfield by 19.2% during the fourth quarter. Virtu Financial LLC now owns 9,672 shares of the company’s stock worth $388,000 after purchasing an additional 1,557 shares during the period. Wellington Management Group LLP raised its stake in Brookfield by 4.6% during the fourth quarter. Wellington Management Group LLP now owns 1,100,913 shares of the company’s stock worth $44,202,000 after purchasing an additional 48,610 shares during the period. Vanguard Group Inc. raised its stake in Brookfield by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 56,417,198 shares of the company’s stock worth $2,263,458,000 after purchasing an additional 987,520 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Brookfield by 0.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 194,907 shares of the company’s stock valued at $7,820,000 after acquiring an additional 839 shares during the period. Finally, Quadrature Capital Ltd raised its stake in shares of Brookfield by 61.0% in the 4th quarter. Quadrature Capital Ltd now owns 44,457 shares of the company’s stock valued at $1,784,000 after acquiring an additional 16,851 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 reports. JPMorgan Chase & Co. raised their target price on shares of Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. TD Securities raised 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. BMO Capital Markets raised their target price on shares of Brookfield from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Scotiabank raised their target price on shares of Brookfield from $50.50 to $51.25 and gave the company a “sector outperform” rating in a research note on Friday, August 9th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $51.59.

Brookfield Price Performance

BN opened at $53.47 on Wednesday. The company has a fifty day simple moving average of $49.66 and a 200 day simple moving average of $45.25. The firm has a market cap of $87.89 billion, a price-to-earnings ratio of 87.66 and a beta of 1.54. Brookfield Co. has a twelve month low of $28.84 and a twelve month high of $54.43. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 1.39.

Brookfield (NYSE:BN) last announced 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. The company had revenue of $23.05 billion during the quarter, compared to analyst estimates of $1.24 billion. Brookfield had a net margin of 1.13% and a return on equity of 3.67%. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period last year, the business earned $0.75 EPS. Equities research analysts expect that Brookfield Co. will post 3.84 EPS for the current fiscal year.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 12th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.60%. The ex-dividend date was Thursday, September 12th. Brookfield’s dividend payout ratio is currently 52.46%.

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.