Family Firm Inc. Invests $36,000 in Brookfield Co. (NYSE:BN)

Family Firm Inc. bought a new position in shares of Brookfield Co. (NYSE:BN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 871 shares of the company’s stock, valued at approximately $36,000.

Other large investors have also modified their holdings of the company. Fortis Group Advisors LLC raised its stake 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 buying an additional 337 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Brookfield by 62.8% in the 2nd quarter. Blue Trust Inc. now owns 705 shares of the company’s stock worth $30,000 after acquiring an additional 272 shares during the period. Salem Investment Counselors Inc. acquired a new stake in shares of Brookfield in the 1st quarter worth approximately $42,000. GAMMA Investing LLC grew its holdings in shares of Brookfield by 161.8% in the 1st quarter. GAMMA Investing LLC now owns 1,047 shares of the company’s stock worth $44,000 after acquiring an additional 647 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Brookfield by 63.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company’s stock worth $48,000 after acquiring an additional 450 shares during the period. 61.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. TD Securities upped their price target on Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Royal Bank of Canada lowered their target price on Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. JPMorgan Chase & Co. increased their target price on Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods increased their target price on Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a report on Friday, August 9th. Finally, Scotiabank increased their target price on Brookfield from $50.50 to $51.25 and gave the company a “sector outperform” rating in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Brookfield presently has an average rating of “Moderate Buy” and a consensus target price of $48.88.

Insider Activity at Brookfield

In other Brookfield news, Director Ocm Growth Holdings Llc sold 400,000 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $11.90, for a total transaction of $4,760,000.00. Following the transaction, the director now owns 10,779,668 shares in the company, valued at $128,278,049.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 11.00% of the stock is owned by insiders.

Brookfield Trading Up 4.2 %

Brookfield stock traded up $2.00 during midday trading on Friday, reaching $49.11. The stock had a trading volume of 1,785,032 shares, compared to its average volume of 3,116,510. Brookfield Co. has a twelve month low of $28.84 and a twelve month high of $49.44. The stock has a market capitalization of $80.72 billion, a PE ratio of 80.51 and a beta of 1.52. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.02 and a current ratio of 1.17. The stock’s 50-day simple moving average is $44.68 and its 200 day simple moving average is $42.66.

Brookfield (NYSE:BN) last issued its 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 return on equity of 3.15% and a net margin of 1.16%. The firm had revenue of $23.05 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter last year, the firm earned $0.75 earnings per share. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. Analysts expect that Brookfield Co. will post 3.35 EPS for the current year.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, September 12th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Thursday, September 12th. Brookfield’s 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.