Baker Tilly Wealth Management LLC Sells 662 Shares of Brookfield Co. (NYSE:BN)

Baker Tilly Wealth Management LLC lessened its holdings in Brookfield Co. (NYSE:BN) by 4.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,826 shares of the company’s stock after selling 662 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in Brookfield were worth $735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in BN. SG Americas Securities LLC bought a new stake in Brookfield in the 2nd quarter valued at about $128,321,000. M&G Plc bought a new stake in Brookfield during the 1st quarter valued at $111,222,000. Capital World Investors lifted its position in shares of Brookfield by 5.1% during the first quarter. Capital World Investors now owns 51,922,031 shares of the company’s stock worth $2,173,923,000 after acquiring an additional 2,497,509 shares in the last quarter. Wulff Hansen & CO. raised its stake in shares of Brookfield by 4,054.0% during the 2nd quarter. Wulff Hansen & CO. now owns 1,542,505 shares of the company’s stock valued at $64,076,000 after purchasing an additional 1,505,372 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Brookfield by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 57,480,308 shares of the company’s stock worth $2,406,700,000 after purchasing an additional 1,063,110 shares in the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Trading Up 0.9 %

Shares of BN opened at $54.00 on Monday. Brookfield Co. has a fifty-two week low of $28.84 and a fifty-two week high of $56.83. The firm has a market cap of $88.76 billion, a price-to-earnings ratio of 87.70 and a beta of 1.54. The firm has a 50 day moving average price of $51.19 and a 200-day moving average price of $46.05. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.03 and a current ratio of 1.20.

Brookfield (NYSE:BN) last issued its earnings results on Thursday, August 8th. The company reported $1.35 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter last year, the company earned $0.75 EPS. The firm’s revenue was down 2.6% compared to the same quarter last year. As a group, equities research analysts forecast that Brookfield Co. will post 3.84 earnings per share for the current year.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders 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 dividend on an annualized basis and a yield of 0.59%. Brookfield’s dividend payout ratio (DPR) is currently 52.46%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Brookfield from $49.00 to $52.00 and gave the company 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 report on Wednesday, September 11th. Keefe, Bruyette & Woods raised their target price on shares of Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a research note on Friday, August 9th. Scotiabank increased their price target on shares of Brookfield from $50.50 to $51.25 and gave the stock a “sector outperform” rating in a report on Friday, August 9th. Finally, 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 report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Brookfield 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.