Brookfield Co. (NYSE:BN) Stake Reduced by Marathon Asset Management Ltd

Marathon Asset Management Ltd cut its position in shares of Brookfield Co. (NYSE:BN - Free Report) by 2.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,686,185 shares of the company's stock after selling 34,491 shares during the quarter. Brookfield makes up about 2.5% of Marathon Asset Management Ltd's holdings, making the stock its 9th biggest position. Marathon Asset Management Ltd owned approximately 0.10% of Brookfield worth $89,656,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in Brookfield by 62.8% during 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. Kings Path Partners LLC bought a new stake in Brookfield during the 2nd quarter worth approximately $31,000. Family Firm Inc. bought a new stake in Brookfield during the 2nd quarter worth approximately $36,000. Salem Investment Counselors Inc. bought a new stake in Brookfield during the 1st quarter worth approximately $42,000. Finally, GAMMA Investing LLC increased its holdings in Brookfield by 161.8% during 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. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Trading Up 1.9 %

NYSE:BN traded up $1.07 during midday trading on Friday, reaching $56.40. 1,767,363 shares of the stock traded hands, compared to its average volume of 2,904,365. The company has a fifty day moving average of $50.34 and a 200 day moving average of $45.49. Brookfield Co. has a 12 month low of $28.84 and a 12 month high of $56.68. 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 stock has a market capitalization of $92.70 billion, a P/E ratio of 92.46 and a beta of 1.54.

Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.35 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.57. Brookfield had a net margin of 1.13% and a return on equity of 3.67%. The company had revenue of $23.05 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the business posted $0.75 EPS. The firm's revenue was down 2.6% compared to the same quarter last year. On average, research analysts predict that Brookfield Co. will post 3.84 EPS for the current year.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 12th were paid a $0.08 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.32 annualized dividend and a dividend yield of 0.57%. Brookfield's payout ratio is 52.46%.

Analyst Upgrades and Downgrades

BN has been the topic of a number of analyst reports. Royal Bank of Canada decreased their target price on shares of Brookfield from $57.00 to $56.00 and set an "outperform" rating on the stock in a report on Friday, August 9th. BMO Capital Markets boosted their price target on shares of Brookfield from $48.00 to $50.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. boosted their price target on shares of Brookfield from $49.00 to $52.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 31st. TD Securities boosted their price target on shares of Brookfield from $62.00 to $63.00 and gave the stock a "buy" rating in a research note on Monday, August 12th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Brookfield from $44.00 to $46.00 and gave the stock a "market perform" rating in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $51.59.

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.