16,274 Shares in Brookfield Co. (NYSE:BN) Bought by Schubert & Co

Schubert & Co acquired a new stake in Brookfield Co. (NYSE:BN - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 16,274 shares of the company's stock, valued at approximately $865,000. Brookfield accounts for about 0.6% of Schubert & Co's holdings, making the stock its 17th largest position.

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

Analysts Set New Price Targets

BN has been the subject of a number of analyst reports. Royal Bank of Canada lowered their price objective on Brookfield from $57.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. boosted their price objective on Brookfield from $49.00 to $52.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. BMO Capital Markets boosted their price objective on Brookfield from $48.00 to $50.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 11th. Scotiabank boosted their price objective on Brookfield from $50.50 to $51.25 and gave the stock a "sector outperform" rating in a research report on Friday, August 9th. Finally, Keefe, Bruyette & Woods boosted their price objective on Brookfield from $44.00 to $46.00 and gave the stock a "market perform" rating in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.59.

Brookfield Stock Up 1.9 %

BN traded up $1.06 on Friday, reaching $56.39. The company's stock had a trading volume of 1,767,375 shares, compared to its average volume of 2,904,365. The stock has a 50 day moving average of $50.34 and a two-hundred day moving average of $45.52. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $92.69 billion, a price-to-earnings ratio of 92.44 and a beta of 1.54. Brookfield Co. has a fifty-two week low of $28.84 and a fifty-two week high of $56.68.

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, beating analysts' consensus estimates of $0.78 by $0.57. The firm had revenue of $23.05 billion during the quarter, compared to the consensus estimate of $1.24 billion. Brookfield had a return on equity of 3.67% and a net margin of 1.13%. The firm's quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 earnings per share. As a group, analysts forecast that Brookfield Co. will post 3.84 EPS for the current fiscal year.

Brookfield Dividend Announcement

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

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.