Sequoia Financial Advisors LLC Grows Stock Position in Brookfield Co. (NYSE:BN)

Sequoia Financial Advisors LLC grew its holdings in Brookfield Co. (NYSE:BN - Free Report) by 4,149.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 776,346 shares of the company's stock after buying an additional 758,076 shares during the period. Sequoia Financial Advisors LLC's holdings in Brookfield were worth $41,263,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in Brookfield during the second quarter valued at approximately $128,321,000. M&G Plc bought a new stake in Brookfield during the first quarter valued at about $111,222,000. Capital World Investors grew its stake in Brookfield by 5.1% in the first 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 last quarter. Wulff Hansen & CO. raised its holdings in Brookfield by 4,054.0% in the second quarter. Wulff Hansen & CO. now owns 1,542,505 shares of the company's stock worth $64,076,000 after purchasing an additional 1,505,372 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position 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 buying an additional 1,063,110 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company's stock.

Brookfield Trading Down 1.9 %

NYSE BN traded down $1.07 on Tuesday, reaching $54.32. The stock had a trading volume of 1,513,547 shares, compared to its average volume of 2,891,363. 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 stock has a fifty day moving average price of $50.57 and a two-hundred day moving average price of $45.67. Brookfield Co. has a 12-month low of $28.84 and a 12-month high of $56.83. The firm has a market capitalization of $89.28 billion, a price-to-earnings ratio of 89.18 and a beta of 1.54.

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

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 12th were issued a dividend of $0.08 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.32 dividend on an annualized basis and a yield of 0.59%. Brookfield's payout ratio is currently 52.46%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. BMO Capital Markets increased their price target on Brookfield from $48.00 to $50.00 and gave the company an "outperform" rating in a research note on Wednesday, September 11th. Keefe, Bruyette & Woods boosted their target price on shares of Brookfield from $44.00 to $46.00 and gave the stock a "market perform" rating in a research report on Friday, August 9th. TD Securities lifted their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of Brookfield from $49.00 to $52.00 and gave the company an "overweight" rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada reduced their target price 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 equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $51.59.

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.