PDS Planning Inc Acquires New Holdings in Brookfield Co. (NYSE:BN)

PDS Planning Inc bought a new stake in Brookfield Co. (NYSE:BN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,190 shares of the company’s stock, valued at approximately $276,000.

Several other hedge funds also recently bought and sold shares of BN. Nicholas Hoffman & Company LLC. raised its stake in Brookfield by 3.9% during the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 6,781 shares of the company’s stock worth $282,000 after buying an additional 257 shares during the period. Blue Trust Inc. increased its holdings in shares of Brookfield by 62.8% in the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock worth $30,000 after acquiring an additional 272 shares in the last quarter. First Trust Direct Indexing L.P. raised its position in shares of Brookfield by 2.9% during the third quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company’s stock worth $551,000 after purchasing an additional 292 shares during the period. Rosenberg Matthew Hamilton lifted its holdings in shares of Brookfield by 20.6% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 1,734 shares of the company’s stock valued at $71,000 after purchasing an additional 296 shares in the last quarter. Finally, Pembroke Management LTD grew its position in shares of Brookfield by 4.4% in the 1st quarter. Pembroke Management LTD now owns 7,339 shares of the company’s stock valued at $307,000 after purchasing an additional 310 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Price Performance

NYSE:BN opened at $53.86 on Tuesday. Brookfield Co. has a 52-week low of $31.43 and a 52-week high of $56.83. The company has a market cap of $88.67 billion, a P/E ratio of 92.86 and a beta of 1.53. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.03 and a current ratio of 1.20. The stock’s 50-day simple moving average is $51.82 and its 200 day simple moving average is $46.57.

Brookfield (NYSE:BN) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.57. Brookfield had a return on equity of 3.67% and a net margin of 1.13%. The company had revenue of $23.05 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The business’s revenue was down 2.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Brookfield Co. will post 3.81 EPS for the current fiscal year.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 12th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date was Thursday, September 12th. Brookfield’s dividend payout ratio (DPR) is presently 55.17%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Keefe, Bruyette & Woods raised their target price on shares of Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a report on Friday, August 9th. Scotiabank raised their price objective on shares of Brookfield from $51.25 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Royal Bank of Canada cut their price objective 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. BMO Capital Markets increased their target price on Brookfield from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, TD Securities boosted their price target on Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a report on Monday, August 12th. Two equities research 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.31.

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.