Brookfield Co. (NYSE:BN) Shares Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC lifted its stake in shares of Brookfield Co. (NYSE:BN) by 37.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 70,000 shares of the company’s stock after buying an additional 18,900 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Brookfield were worth $2,908,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BN. Connectus Wealth LLC raised its stake in Brookfield by 1,049.1% in the fourth quarter. Connectus Wealth LLC now owns 610,911 shares of the company’s stock valued at $25,000 after buying an additional 557,749 shares in the last quarter. Fortis Group Advisors LLC raised its position in shares of Brookfield by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 674 shares of the company’s stock worth $27,000 after acquiring an additional 337 shares in the last quarter. Blue Trust Inc. lifted its stake in Brookfield by 62.8% during the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock worth $30,000 after purchasing an additional 272 shares during the last quarter. Kings Path Partners LLC acquired a new position in Brookfield in the second quarter valued at approximately $31,000. Finally, Family Firm Inc. purchased a new position in Brookfield in the second quarter valued at approximately $36,000. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Trading Down 0.4 %

Shares of BN stock opened at $53.16 on Tuesday. The company has a market capitalization of $87.38 billion, a P/E ratio of 87.15 and a beta of 1.53. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 1.39. The business’s 50 day moving average is $48.23 and its two-hundred day moving average is $44.36. Brookfield Co. has a twelve month low of $28.84 and a twelve month high of $54.29.

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, 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 company had revenue of $23.05 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the company posted $0.75 EPS. Brookfield’s revenue was down 2.6% compared to the same quarter last year. Equities analysts forecast that Brookfield Co. will post 3.84 EPS for the current year.

Brookfield Dividend Announcement

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

Analyst Ratings Changes

BN has been the subject of several research analyst reports. Scotiabank upped their target price on shares of Brookfield from $50.50 to $51.25 and gave the company a “sector outperform” rating in a report on Friday, August 9th. JPMorgan Chase & Co. raised their price objective on Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. TD Securities boosted their target price on Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a report on Monday, August 12th. BMO Capital Markets raised their price target on Brookfield from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Finally, Royal Bank of Canada reduced their price objective on Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $51.59.

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.