Capital Advisors Inc. OK Purchases 19,063 Shares of Brookfield Co. (NYSE:BN)

by · The Cerbat Gem

Capital Advisors Inc. OK boosted its position in shares of Brookfield Co. (NYSE:BN – Free Report) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 775,293 shares of the company’s stock after acquiring an additional 19,063 shares during the period. Capital Advisors Inc. OK’s holdings in Brookfield were worth $41,207,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BN. Vanguard Group Inc. grew its position in Brookfield by 1.9% during the first quarter. Vanguard Group Inc. now owns 57,480,308 shares of the company’s stock worth $2,406,700,000 after buying an additional 1,063,110 shares in the last quarter. Capital World Investors increased its position in shares of Brookfield by 5.1% during the first quarter. Capital World Investors now owns 51,922,031 shares of the company’s stock valued at $2,173,923,000 after purchasing an additional 2,497,509 shares during the period. 1832 Asset Management L.P. raised its stake in shares of Brookfield by 1.3% in the first quarter. 1832 Asset Management L.P. now owns 22,605,567 shares of the company’s stock valued at $946,495,000 after purchasing an additional 299,029 shares in the last quarter. Cooke & Bieler LP lifted its position in Brookfield by 5.0% in the second quarter. Cooke & Bieler LP now owns 5,698,773 shares of the company’s stock worth $236,727,000 after purchasing an additional 269,813 shares during the period. Finally, Bessemer Group Inc. boosted its stake in Brookfield by 3.7% during the first quarter. Bessemer Group Inc. now owns 3,215,411 shares of the company’s stock worth $134,629,000 after buying an additional 113,241 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

Brookfield Stock Up 0.3 %

Shares of NYSE:BN opened at $53.15 on Friday. 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 firm has a market cap of $87.50 billion, a P/E ratio of 91.64 and a beta of 1.54. Brookfield Co. has a 12 month low of $31.05 and a 12 month high of $56.83. The company’s 50-day moving average price is $51.82 and its two-hundred day moving average price is $46.46.

Brookfield (NYSE:BN – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.57. Brookfield had a net margin of 1.13% and a return on equity of 3.67%. The business had revenue of $23.05 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the business posted $0.75 earnings per share. Brookfield’s revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, research analysts forecast that Brookfield Co. will post 3.81 EPS for the current fiscal year.

Brookfield Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 12th were issued 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 dividend payout ratio is 55.17%.

Analysts Set New Price Targets

BN has been the subject of a number of recent research reports. Royal Bank of Canada dropped their price objective on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Keefe, Bruyette & Woods increased their price target on shares of Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Friday, August 9th. TD Securities upped their price objective on Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, August 12th. JPMorgan Chase & Co. raised their target price on Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Scotiabank boosted their target price on shares of Brookfield from $51.25 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Brookfield currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.31.

View Our Latest Stock Analysis on Brookfield

Brookfield Profile

(Free Report)

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.

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