Brookfield Co. (NYSE:BN) Shares Sold by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. lowered its stake in Brookfield Co. (NYSE:BN - Free Report) by 42.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 337,720 shares of the company's stock after selling 250,000 shares during the period. Schwartz Investment Counsel Inc.'s holdings in Brookfield were worth $17,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Blue Trust Inc. boosted 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 acquiring an additional 272 shares in the last quarter. Kings Path Partners LLC acquired a new stake in Brookfield during the 2nd quarter worth $31,000. Family Firm Inc. acquired a new stake in Brookfield during the 2nd quarter worth $36,000. Nisa Investment Advisors LLC lifted its position in Brookfield by 63.5% in the second quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company's stock valued at $48,000 after acquiring an additional 450 shares during the last quarter. Finally, Pittenger & Anderson Inc. boosted its stake in Brookfield by 100.3% in the first quarter. Pittenger & Anderson Inc. now owns 1,238 shares of the company's stock valued at $52,000 after acquiring an additional 620 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company's stock.

Analysts Set New Price Targets

BN has been the subject of a number of research reports. Keefe, Bruyette & Woods boosted their price objective on Brookfield from $44.00 to $46.00 and gave the company a "market perform" rating in a research note on Friday, August 9th. BMO Capital Markets increased 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. Royal Bank of Canada dropped their price objective on shares of Brookfield from $57.00 to $56.00 and set an "outperform" rating on the stock in a research note on Friday, August 9th. Scotiabank increased their target price on shares of Brookfield from $50.50 to $51.25 and gave the stock a "sector outperform" rating in a research note on Friday, August 9th. 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 equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Brookfield currently has an average rating of "Moderate Buy" and a consensus target price of $51.59.

Brookfield Price Performance

Shares of NYSE:BN traded down $0.79 on Friday, reaching $53.50. 1,100,635 shares of the company were exchanged, compared to its average volume of 2,866,084. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 1.39. Brookfield Co. has a 1-year low of $28.84 and a 1-year high of $56.83. The company has a 50-day moving average of $51.19 and a 200-day moving average of $45.97. The firm has a market cap of $87.93 billion, a price-to-earnings ratio of 87.70 and a beta of 1.54.

Brookfield (NYSE:BN - Get Free Report) last issued its 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 company had revenue of $23.05 billion during the quarter, compared to analysts' expectations of $1.24 billion. Brookfield had a net margin of 1.13% and a return on equity of 3.67%. The firm's quarterly revenue was down 2.6% compared to the same quarter last year. During the same period last year, the company posted $0.75 earnings per share. Equities analysts forecast that Brookfield Co. will post 3.84 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 12th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.60%. The ex-dividend date was Thursday, September 12th. Brookfield's dividend payout ratio (DPR) is 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.