Brookfield Co. (NYSE:BN) Shares Purchased by Autumn Glory Partners LLC

Autumn Glory Partners LLC raised its position in Brookfield Co. (NYSE:BN) by 119.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 10,717 shares of the company’s stock after acquiring an additional 5,827 shares during the quarter. Autumn Glory Partners LLC’s holdings in Brookfield were worth $570,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BN shares. JPMorgan Chase & Co. increased their price target on Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Royal Bank of Canada cut their target price on Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. BMO Capital Markets boosted their price target on shares of Brookfield from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Scotiabank lifted 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. Finally, Keefe, Bruyette & Woods increased their price target 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 investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $51.59.

Brookfield Price Performance

Shares of BN opened at $54.69 on Tuesday. The firm has a 50-day simple moving average of $51.34 and a two-hundred day simple moving average of $46.16. The stock has a market cap of $89.89 billion, a PE ratio of 89.66 and a beta of 1.54. Brookfield Co. has a 1-year low of $28.84 and a 1-year high of $56.83. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.03.

Brookfield (NYSE:BN) last posted its earnings results on Thursday, August 8th. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.57. Brookfield had a net margin of 1.13% and a return on equity of 3.67%. The firm had revenue of $23.05 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the firm earned $0.75 EPS. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. As a group, analysts forecast that Brookfield Co. will post 3.84 EPS for the current year.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 12th were issued a $0.08 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.32 annualized dividend and a dividend yield of 0.59%. Brookfield’s dividend payout ratio is presently 52.46%.

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.