Gold Investment Management Ltd. Has $4.84 Million Stock Holdings in Brookfield Co. (NYSE:BN)

Gold Investment Management Ltd. lessened its stake in Brookfield Co. (NYSE:BN - Free Report) by 12.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,905 shares of the company's stock after selling 13,469 shares during the period. Brookfield accounts for 2.0% of Gold Investment Management Ltd.'s portfolio, making the stock its 14th largest holding. Gold Investment Management Ltd.'s holdings in Brookfield were worth $4,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Brookfield by 1.9% during the first quarter. Vanguard Group Inc. now owns 57,480,308 shares of the company's stock valued at $2,406,700,000 after acquiring an additional 1,063,110 shares during the period. Capital World Investors lifted its position in Brookfield by 5.1% during the 1st quarter. Capital World Investors now owns 51,922,031 shares of the company's stock valued at $2,173,923,000 after purchasing an additional 2,497,509 shares during the period. 1832 Asset Management L.P. boosted its stake in shares of Brookfield by 1.3% in the 1st quarter. 1832 Asset Management L.P. now owns 22,605,567 shares of the company's stock valued at $946,495,000 after purchasing an additional 299,029 shares during the last quarter. Cooke & Bieler LP grew its position in shares of Brookfield by 5.0% during the 2nd quarter. Cooke & Bieler LP now owns 5,698,773 shares of the company's stock worth $236,727,000 after buying an additional 269,813 shares during the period. Finally, Bessemer Group Inc. raised its stake in shares of Brookfield by 3.7% during the first quarter. Bessemer Group Inc. now owns 3,215,411 shares of the company's stock worth $134,629,000 after buying an additional 113,241 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price objective 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. Keefe, Bruyette & Woods lifted their price objective on Brookfield from $44.00 to $46.00 and gave the stock a "market perform" rating in a research note on Friday, August 9th. BMO Capital Markets upped their price objective on Brookfield from $48.00 to $50.00 and gave the company an "outperform" rating in a report on Wednesday, September 11th. TD Securities raised their target price on Brookfield from $62.00 to $63.00 and gave the stock a "buy" rating in a report on Monday, August 12th. Finally, Royal Bank of Canada lowered their price target 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 research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $53.31.

Brookfield Stock Down 0.7 %

Shares of NYSE:BN traded down $0.43 during midday trading on Friday, reaching $57.09. 1,020,331 shares of the company were exchanged, compared to its average volume of 2,812,514. The firm has a market cap of $93.99 billion, a PE ratio of 99.19 and a beta of 1.53. Brookfield Co. has a fifty-two week low of $31.43 and a fifty-two week high of $57.78. The stock has a fifty day simple moving average of $52.34 and a two-hundred day simple moving average of $46.94. 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 (NYSE:BN - Get Free Report) last released its quarterly earnings results 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 return on equity of 3.67% and a net margin of 1.13%. The firm had revenue of $23.05 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the business posted $0.75 EPS. The company's revenue for the quarter was down 2.6% on a year-over-year basis. As a group, sell-side analysts forecast that Brookfield Co. will post 3.81 earnings per share for the current year.

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.