Global Wealth Management Investment Advisory Inc. Purchases 897 Shares of Brookfield Co. (NYSE:BN)

Global Wealth Management Investment Advisory Inc. increased its position in shares of Brookfield Co. (NYSE:BN) by 6.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,203 shares of the company’s stock after purchasing an additional 897 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Brookfield were worth $755,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Brookfield by 1.9% in 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. Capital World Investors grew its stake in Brookfield by 5.1% during the first 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. 1832 Asset Management L.P. increased its holdings in Brookfield by 1.3% in the 1st quarter. 1832 Asset Management L.P. now owns 22,605,567 shares of the company’s stock valued at $946,495,000 after acquiring an additional 299,029 shares during the last quarter. Cooke & Bieler LP lifted its stake in Brookfield by 5.0% in the 2nd quarter. Cooke & Bieler LP now owns 5,698,773 shares of the company’s stock worth $236,727,000 after purchasing an additional 269,813 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Brookfield by 3.7% during the 1st quarter. Bessemer Group Inc. now owns 3,215,411 shares of the company’s stock valued at $134,629,000 after purchasing an additional 113,241 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. BMO Capital Markets lifted their target price on Brookfield from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. TD Securities increased their target price on Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Royal Bank of Canada reduced their price target on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Keefe, Bruyette & Woods increased their price objective on shares of Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $53.31.

Brookfield Trading Up 1.4 %

Shares of Brookfield stock traded up $0.75 during trading on Tuesday, hitting $54.61. The stock had a trading volume of 67,783 shares, compared to its average volume of 2,818,022. Brookfield Co. has a 12 month low of $31.43 and a 12 month high of $56.83. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.03. The firm’s fifty day simple moving average is $51.82 and its 200-day simple moving average is $46.57. The stock has a market cap of $89.90 billion, a PE ratio of 93.21 and a beta of 1.53.

Brookfield (NYSE:BN) last announced its quarterly earnings data 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. Brookfield had a net margin of 1.13% and a return on equity of 3.67%. The business had revenue of $23.05 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the firm earned $0.75 earnings per share. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. As a group, sell-side analysts expect that Brookfield Co. will post 3.81 EPS for the current fiscal year.

Brookfield Announces Dividend

The firm also recently announced 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 of this dividend 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 55.17%.

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.