International Assets Investment Management LLC Acquires Shares of 44,859 Brookfield Co. (NYSE:BN)

International Assets Investment Management LLC purchased a new stake in shares of Brookfield Co. (NYSE:BN - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 44,859 shares of the company's stock, valued at approximately $23,840,000.

Other institutional investors also recently bought and sold shares of the company. Diversified Trust Co purchased a new position in Brookfield during the first quarter worth approximately $222,000. Sivia Capital Partners LLC purchased a new position in shares of Brookfield during the 1st quarter worth $208,000. Trust Co. of Oklahoma boosted its position in shares of Brookfield by 20.8% during the 1st quarter. Trust Co. of Oklahoma now owns 6,100 shares of the company's stock valued at $255,000 after acquiring an additional 1,050 shares during the last quarter. Norden Group LLC grew its holdings in shares of Brookfield by 2,342.0% in the first quarter. Norden Group LLC now owns 134,920 shares of the company's stock valued at $5,649,000 after purchasing an additional 129,395 shares during the period. Finally, Check Capital Management Inc. CA increased its position in Brookfield by 0.4% during the first quarter. Check Capital Management Inc. CA now owns 3,037,695 shares of the company's stock worth $127,188,000 after purchasing an additional 11,623 shares during the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Trading Down 1.8 %

BN traded down $1.01 during mid-day trading on Tuesday, hitting $53.67. 1,578,881 shares of the stock were exchanged, compared to its average volume of 2,853,659. The firm's fifty day moving average is $51.48 and its two-hundred day moving average is $46.26. Brookfield Co. has a 1-year low of $28.84 and a 1-year high of $56.83. The company has a market cap of $88.21 billion, a PE ratio of 87.98 and a beta of 1.54. 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 (NYSE:BN - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.57. The business had revenue of $23.05 billion for 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 business's quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $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 business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 12th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Thursday, September 12th. Brookfield's dividend payout ratio is currently 52.46%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BN. TD Securities increased their price target on shares of Brookfield from $62.00 to $63.00 and gave the company a "buy" rating in a research note on Monday, August 12th. Keefe, Bruyette & Woods increased 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. JPMorgan Chase & Co. lifted their target price on Brookfield from $49.00 to $52.00 and gave the company an "overweight" rating in a research report on Wednesday, July 31st. 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 report on Friday, August 9th. Finally, BMO Capital Markets boosted their price objective on shares of Brookfield from $48.00 to $50.00 and gave the company an "outperform" rating in a report on Wednesday, September 11th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $51.59.

Brookfield 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.