Mcdonald Capital Investors Inc. CA Reduces Stock Position in Brookfield Co. (NYSE:BN)

Mcdonald Capital Investors Inc. CA reduced its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,045,138 shares of the company's stock after selling 55,257 shares during the quarter. Brookfield accounts for approximately 6.7% of Mcdonald Capital Investors Inc. CA's holdings, making the stock its 6th largest holding. Mcdonald Capital Investors Inc. CA owned about 0.12% of Brookfield worth $108,699,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of BN. SG Americas Securities LLC purchased a new stake in Brookfield during the 2nd quarter worth approximately $128,321,000. M&G Plc acquired a new position in shares of Brookfield in the 1st quarter worth approximately $111,222,000. Capital World Investors grew its position in shares of Brookfield by 5.1% in the 1st quarter. Capital World Investors now owns 51,922,031 shares of the company's stock worth $2,173,923,000 after acquiring an additional 2,497,509 shares in the last quarter. Wulff Hansen & CO. grew its position in shares of Brookfield by 4,054.0% in the 2nd quarter. Wulff Hansen & CO. now owns 1,542,505 shares of the company's stock worth $64,076,000 after acquiring an additional 1,505,372 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Brookfield by 1.9% in the 1st 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 in the last quarter. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Stock Performance

NYSE:BN traded up $0.54 during midday trading on Thursday, reaching $57.52. 1,224,289 shares of the company traded hands, compared to its average volume of 2,820,811. 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 Co. has a twelve month low of $31.43 and a twelve month high of $57.78. The company has a fifty day moving average price of $52.18 and a 200 day moving average price of $46.86. The firm has a market capitalization of $94.70 billion, a price-to-earnings ratio of 99.17 and a beta of 1.53.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The firm's quarterly revenue was down 2.6% on a year-over-year basis. On average, analysts expect that Brookfield Co. will post 3.81 EPS for the current fiscal year.

Analyst Ratings Changes

BN has been the subject of several research reports. Scotiabank lifted their target price on Brookfield from $51.25 to $65.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Royal Bank of Canada decreased their target price on Brookfield from $57.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday, August 9th. BMO Capital Markets lifted their target price on Brookfield from $48.00 to $50.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 11th. TD Securities lifted their target price on Brookfield from $62.00 to $63.00 and gave the stock a "buy" rating in a research report on Monday, August 12th. Finally, JPMorgan Chase & Co. boosted their price objective on Brookfield from $49.00 to $52.00 and gave the company an "overweight" rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average 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.