Brookfield Co. (NYSE:BN) Shares Bought by Leavell Investment Management Inc.

Leavell Investment Management Inc. grew its holdings in Brookfield Co. (NYSE:BN - Free Report) by 373.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,118 shares of the company's stock after purchasing an additional 27,696 shares during the period. Leavell Investment Management Inc.'s holdings in Brookfield were worth $1,867,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. grew its position in shares of Brookfield by 62.8% during the 2nd quarter. Blue Trust Inc. now owns 705 shares of the company's stock worth $30,000 after buying an additional 272 shares in the last quarter. Kings Path Partners LLC bought a new position in shares of Brookfield during the 2nd quarter worth $31,000. Family Firm Inc. bought a new position in shares of Brookfield during the 2nd quarter worth $36,000. Nisa Investment Advisors LLC boosted its position in Brookfield by 63.5% during the second quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company's stock valued at $48,000 after purchasing an additional 450 shares in the last quarter. Finally, Asset Dedication LLC bought a new stake in Brookfield during the second quarter valued at about $56,000. Hedge funds and other institutional investors own 61.60% of the company's stock.

Brookfield Stock Performance

Shares of Brookfield stock traded down $0.43 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 has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 1.39. Brookfield Co. has a twelve month low of $31.43 and a twelve month high of $57.78. The firm has a market capitalization of $93.99 billion, a price-to-earnings ratio of 98.43 and a beta of 1.53. The business has a 50 day moving average price of $52.47 and a two-hundred day moving average price of $47.11.

Brookfield (NYSE:BN - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported $1.35 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 firm had revenue of $23.05 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company's revenue was down 2.6% compared to the same quarter last year. Analysts anticipate that Brookfield Co. will post 3.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BN has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised 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. Royal Bank of Canada dropped their price objective on Brookfield from $57.00 to $56.00 and set an "outperform" rating on the stock in a research report on Friday, August 9th. Keefe, Bruyette & Woods raised their price target on 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 target on Brookfield from $51.25 to $65.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Finally, TD Securities raised 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. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $53.31.

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.