Asset Management Advisors LLC Raises Stock Position in Brookfield Co. (NYSE:BN)

Asset Management Advisors LLC boosted its position in Brookfield Co. (NYSE:BN - Free Report) by 31.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 222,475 shares of the company's stock after purchasing an additional 53,715 shares during the period. Brookfield comprises 8.3% of Asset Management Advisors LLC's investment portfolio, making the stock its 2nd biggest position. Asset Management Advisors LLC's holdings in Brookfield were worth $11,825,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BN. Nicholas Hoffman & Company LLC. boosted its stake in Brookfield by 3.9% in the second quarter. Nicholas Hoffman & Company LLC. now owns 6,781 shares of the company's stock valued at $282,000 after acquiring an additional 257 shares during the last quarter. Blue Trust Inc. boosted its stake in Brookfield by 62.8% in the second quarter. Blue Trust Inc. now owns 705 shares of the company's stock valued at $30,000 after acquiring an additional 272 shares during the last quarter. First Trust Direct Indexing L.P. boosted its stake in Brookfield by 2.9% in the third quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company's stock valued at $551,000 after acquiring an additional 292 shares during the last quarter. Rosenberg Matthew Hamilton boosted its stake in Brookfield by 20.6% in the second quarter. Rosenberg Matthew Hamilton now owns 1,734 shares of the company's stock valued at $71,000 after acquiring an additional 296 shares during the last quarter. Finally, Pembroke Management LTD boosted its stake in Brookfield by 4.4% in the first quarter. Pembroke Management LTD now owns 7,339 shares of the company's stock valued at $307,000 after acquiring an additional 310 shares during the last quarter. 61.60% of the stock is owned by institutional investors.

Brookfield Price Performance

Brookfield stock traded down $0.43 during midday trading on Friday, reaching $57.09. 1,020,476 shares of the stock were exchanged, compared to its average volume of 1,523,121. The company's fifty day moving average is $52.47 and its 200-day moving average is $47.15. 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 firm has a market cap of $93.99 billion, a PE ratio of 98.43 and a beta of 1.53. Brookfield Co. has a 52 week low of $31.43 and a 52 week high of $57.78.

Brookfield (NYSE:BN - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.57. The business had revenue of $23.05 billion for the quarter, compared to analyst estimates of $1.24 billion. Brookfield had a net margin of 1.13% and a return on equity of 3.67%. Brookfield's revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 EPS. On average, sell-side analysts forecast that Brookfield Co. will post 3.81 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods boosted their target price 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. JPMorgan Chase & Co. boosted their target price on shares of Brookfield from $49.00 to $52.00 and gave the company an "overweight" rating in a research note on Wednesday, July 31st. Royal Bank of Canada dropped their target price on shares of Brookfield from $57.00 to $56.00 and set an "outperform" rating on the stock in a research note on Friday, August 9th. BMO Capital Markets upped their price target on shares of Brookfield from $48.00 to $50.00 and gave the company an "outperform" rating in a research note on Wednesday, September 11th. Finally, TD Securities upped their price target on shares of Brookfield from $62.00 to $63.00 and gave the company a "buy" rating in a research note on Monday, August 12th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $53.31.

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.